Material Spending Variance $ Material Spending Variance $\%\%$

a$.$ The color$-$coding of the bars in this visualization indicates which of the following is true?

The actual amount spent on materials is greater than the amount allowed for the planned level of output.

The actual amount spent on materials is less than the amount allowed for the planned level of output.

The actual amount spent on materials is greater than the amount allowed for the actual level of output.

The actual amount spent on materials is less than the amount allowed for the actual level of output.

b$.$ Assuming the company investigates all variances that exceed $$2,000$ or $5\%,$ which of the following statements is true?

The materials spending variance exceeds the dollar threshold but it does not exceed the percentage threshold.

The materials spending variance exceeds the percentage threshold but it does not exceed the dollar threshold.

The materials spending variance exceeds the dollar and percentage thresholds.

The materials spending variance does not exceed the dollar or percentage threshold.