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 1,200 500 per unit) $890,000 $240 per unit $134.000 LEWIS COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actuel Resus (1.460 units) (1460 units) Variances Favorable Unfavorable