5a. Which of the following statements are true with respect to the format of this visualization? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The graph depicts four quadrants that are being used to analyze the company's activity variances. The graph depicts each spending variance in dollar and percentage terms with dollars on the vertical axis (or Y-axis) and percentages on the horizontal axis (or X-axis). The graph shows favorable variances in blue and unfavorable variances in orange. 5b. Which of the following statements are correct interpretations of this visualization? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The actors' and directors' wages is the largest variance from a percentage standpoint. The lower left-hand quadrant is likely to be the most important focal point to managers when analyzing the four quadrants that are depicting the company's spending variances. The publicity variance appears in the "high percentage and low dollar amount" quadrant. Spending Variances: Dollars and Percentages Spending Variance: In Percentages