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.

Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.

$\backslash$table$[[,$Fixed Budget,Actual Results$],[$Sales $($units produced and sold$),1,340,1,540],[$Sales $($in dollars$),$$$1,000$ per unit,$$1,603,000$