Exercise 21-6 Preparing a flexible budget report LO P1 10 points Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Budgeted $ 550 per unit $ 229 per unit $132,500 1.250 Variable expenses Fixed expenses (total) Units produced and sold Actual $815,000 $332,800 $127.899 1.450 eBook Print List variable and fixed expenses separately. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance) References LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Fav./Unf