Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Fixed Budget 1,310 Actual Results 1,510 Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs $ 1,320,000 $ 524,000 $ 133,000 For Month Ended May 31 Favorable/Unfavorable Sales Variable costs Contribution margin Fixed costs Income $850 per unit $ 340 per unit $ 141,500 LEWIS COMPANY Flexible Budget Performance Report Flexible Budget Actual Results (1,510 units) (1,510 units) Variances