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) 1,219 1,420 Sales (in dollars) $ 350 per unit $ 510,000 Variable costs $ 140 per unit $ 204,000 Fixed costs $ 126,500 $ 123,000 LEWIS COMPANY Flexible Budget Performance Report Flexible Budget Actual Results Variances (1,410 units) (1.410 units) For Month Ended May 31 Favorable/Unfavorable