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 Actual Results Sales (units produced and sold) 1, 260 1, 460 Sales (in dollars) $ 600 per unit $ 890, 000 Variable costs $ 240 per unit $ 364, 000 Fixed costs $ 134, 000 $ 128, 000 LEWIS COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results (1,460 units) (1,460 units) Variances Favorable/Unfavorable Contribution margin Fixed costs Income Sales Variable costsLewis 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 Actual Results Sales (units produced and sold) 1, 260 1, 460 Sales (in dollars) $ 600 per unit $ 890, 000 Variable costs $ 240 per unit $ 364, 000 Fixed costs $ 134, 000 $ 128, 000 LEWIS COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results (1,460 units) (1,460 units) Variances Favorable/Unfavorable Contribution margin Fixed costs Income Sales Variable costs