Her expense report showed that TMSAC spent $45,570 on flash drives for the period and that 14,700 flash drives were distributed. She knows that some unexpected things must have happened during the quarter because the numbers on the budget you prepared for her and the actual results that she sees on her third- quarter financial statements don't match. She wants you to tell her why these differences have occurred. Question 4. Using the information above and the TMSAC budget that you prepared for the third quarter, prepare two variance analyses. Be sure to indicate whether each of the variances was favorable or unfavorable. a. In the first variance analysis, look into the differences between budgeted and actual visitor revenues during the third quarter. You may assume that each type of visitor paid the amount they were expected to pay. b. Focus the second analysis on the variance in flash drive expenses. c. Explain to the executive director what has caused each of these third-quarter differences between the budgeted and actual revenues and expenses. Provide her with as much detail as you can given the available information; that is, calculate the volume, price, and quantity variances for both visitor revenues and flash drive expenses. d. Are these variances large enough to have a significant impact on TSMAC's operations