Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results.

	Budgeted						Actual
Sales		$	750	per unit			$	1,170,000
Variable expenses		$	300	per unit			$	460,000
Fixed expenses (total)		$	138,500				$	131,000
Units produced and sold			1,290					1,490

List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)