Xion Co. budgets a selling price of $82 per unit, variable costs of $33 per unit, and total fixed costs of $282,000. During June, the company produced and sold 12,000 units and incurred actual variable costs of $363,000 and actual fixed costs of $297,000. Actual sales for June were $1,005,000. 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) XION CO. Flexible Budget Report For Month Ended June 30 Flexible Budget Actual Results $ 984,000 $ 1,005,000 396,000 363,000 Sales Variable expenses Contribution margin Fixed expenses Income from operations Variances Fav./Unf. Favorable 33,000 Favorable Favorable Unfavorable Favorable