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$)1,3801,580$

Sales $($in dollars$)$ $ $1,200$ per unit $ $1,961,000$

Variable costs $ $480$ per unit $ $799,000$

Fixed costs $ $152,000$ $ $140,000$