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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.)

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Exercise 21-6 (Algo) Preparing flexible budget performance report LO .pdf

  • 1. 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.)