Chapter 21: Homework i Saved Help Save & Exit Submit Check my work Exercise 21-4 Preparing a flexible budget performance report LO P1 points Xion Co. budgets a selling price of $81 per unit, variable costs of $36 per unit, and total fixed costs of $272,000. During June, the company produced and sold 11,000 units and incurred actual variable costs of $353,000 and actual fixed costs of $287,000. Actual sales for June were $905,000. eBook 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) Hint Print References XION CO. Flexible Budget Report For Month Ended June 30 Flexible Budget Actual Results Variances Fav./Unf. Sales Variable expenses Contribution margin Fixed expenses Income from operations Favorable Favorable Favorable Unfavorable Favorable