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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.

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.
Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.
\table[[Sales (units produced and sold),Fixed Budgeted,Actual Results],[Sales (in dollars),1,200,1,400],[Variable costs,$300 per unit,$435,000
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