Question: Exercise 21-4 Preparing a flexible budget performance report LO P1 Xion Co. budgets a selling price of $81 per unit, variable costs of $34 per

Exercise 21-4 Preparing a flexible budget performance report LO P1

Xion Co. budgets a selling price of $81 per unit, variable costs of $34 per unit, and total fixed costs of $280,000. During June, the company produced and sold 11,800 units and incurred actual variable costs of $361,000 and actual fixed costs of $295,000. Actual sales for June were $985,000. 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)

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