Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted 950 per unit $1,470,00e 380 per unit Actual Sales Variable expenses Fixed expenses (total) Units produced and sold 588,000 $ 135,000 $144,500 1,330 1,530 List variable and fixed expenses separately. (Indicate the effect of each veriance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Variances Fav./Unf. Flexible Budget Actual Results Sales