Test 2 15 < > ACCT&203 5432 - S25 - Lemmond ezto.mheducation.com M Question 15 - Test 2 - Connect Saved A 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. 8 00:18:54 Sales (units produced and sold) Fixed Budget 1,340 Actual Results 1,540 Sales (in dollars) $ 1,000 per unit $ 1,603,000 Variable costs $ 400 per $ 620,000 unit Fixed costs $ $ 136,000 146,000 Mc Graw Hill LEWIS COMPANY Flexible Budget Performance Report Flexible For Month Ended May 31 Budget (1,540 units) Actual Results (1,540 units) Favorable or Variances Unfavorable < Prev 15 of 16 Next > Course Hero Help Save & Exit Submit