Exercise $23-4$ Preparing a flexible budget performance report LO P$1$

Xion Co$.$ budgets a selling price of $$80$ per unit, variable costs of $$35$ per unit, and total fixed costs of $$270,000.$ During June, the company produced and sold $10,800$ units and incurred actual variable costs of $$351,000$ and actual fixed costs of $$285,000.$ Actual sales for June were $$885,000.$

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$)$