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Exercise 21-6(Algo) Preparing flexible budget performance report LO P1 Lewis Company reports the...

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Accounting

Exercise 21-6(Algo) 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.)
\table[[,Fixed Budget,Actual Results],[Sales (units produced and sold),1,240,1,440],[Sales (in dollars),$500 per unit,$735,000
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