Chapter 23 Assignment 3 5.33 points Seved Help Save & Exit Submit Exercise 23-6 (Static) Preparing flexible budget performance report LO P1 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 Budgeted Print Variable costs Fixed costs Sales (units produced and sold) Sales (in dollars) 1,200 $300 per unit $120 per unit Actual Results 1,400 $435,000 $172,000 $ 125,000 $122,000 LEWIS COMPANY For Month Ended May 31 Flexible Budget Performance Report Flexible Budget Actual Results (1,400 units) (1.400 units) Variances Fav Unt. < Prev 3 of 19 Next > Check my work