Chapter 21 Assignment Saved Help 2 Xion Co. budgets a selling price of $87 per unit, variable costs of $33 per unit, and total fixed costs of $284,000. During June, the company produced and sold 12,200 units and incurred actual variable costs of $365,000 and actual fixed costs of $299,000. Actual sales for June were $1,080,000 Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) 1 points eBook XION CO. Flexible Budget Report For Month Ended June 30 Flexible Budget Actual Results $ 1.061,400 $ 1,080,000 402,600 365.000 Variances Fav./Unf. Hint Print Sales Variable expenses Contribution margin Fixed expenses Income from operations 284.000 299.000 References