Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted Actual Sales $ 1,300 per unit $ 2,126,000 Variable expenses $ 520 per unit $ 863,000 Fixed expenses (total) $ 155,000 $ 142,000 Units produced and sold 1,400 1,600 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)