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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.
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.
tableFixed Budget,Actual ResultsSales units produced and soldSales in dollars$ per unit,$
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