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Question 4 (6 points) LINCOLN COMPANY Income Statement Performance Report Month Ended July 31, 2021 Actual Results at Flexible Budget for Static (Master) Actual prices

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Question 4 (6 points) LINCOLN COMPANY Income Statement Performance Report Month Ended July 31, 2021 Actual Results at Flexible Budget for Static (Master) Actual prices Actual Output Units Budget (A) B Output units 91,000 (C) 108,500 Sales revenue 878,500 $18,550F (D) Variable expenses (E) 667,275 Fixed expenses 52,500 (F) 80,500 Total expenses Operating income Required: Find the missing data for letters A-F. Be sure to label any variances as favorable or unfavorable

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