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

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