Xion Co. company budgets a selling price of $80 per unit, variable costs per unit of $35, and total fixed costs of $270,000. During May, 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 May were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately.