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Xion Co. budgets a selling price of $83 per unit, variable costs of $35 per...

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Xion Co. budgets a selling price of $83 per unit, variable costs of $35 per unit, and total fixed costs of $283,000. During June, the company produced and sold 12,100 units and incurred actual variable costs of $364.000 and actual fixed costs of $298.000. Actual sales for June were $1.040.000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance) XION CO. Flexible Budget Report For Month Ended June 30 Flexible Budget Actual Results $ 1,040,000 364,000 Variances Fav./Unf. Sales Variable expenses Contribution margin Fixed expenses 294.000 Income from operations

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