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.

$\backslash$table$[[$Sales $($units produced and sold$),$Fixed Budgeted,Actual Results$],[$Sales $($in dollars$),1,200,1,400],[$Variable costs,$$300$ per unit,$$435,000$