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.) Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs Fixed Budget 1,210 Actual Results 1,410 $ 350 per unit $ 510,000 $ 140 per unit $ 204,000 $ 126,500 $ 123,000 LEWIS COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results (1,410 units) (1,410 units) Variances Favorable/Unfavorable