Required information $4$e$.$ Which of the following insights are revealed by the Net Income and Net Profit Margin Percentage visualizations?

$?$ The net income and the net profit margin percentage always exceeded expectations according to the flexible budget.

$?$ The net income and the net profit margin percentage never exceeded expectations according to the flexible budget.

$?$ The net income exceeded expectations according to the flexible budget in some months, but the net profit margin percentage never

exceeded expectations according to the flexible budget.

The net income never exceeded expectations according to the flexible budget, but the net profit margin percentage exceeded

expectations according to the flexible budget in some months. $4$e$.$ Which of the following insights are revealed by the Net Income and Net Profit Margin Percentage visualizations?

$?$ The net income and the net profit margin percentage always exceeded expectations according to the flexible budget.

$?$ The net income and the net profit margin percentage never exceeded expectations according to the flexible budget.

$?$ The net income exceeded expectations according to the flexible budget in some months, but the net profit margin percentage never

exceeded expectations according to the flexible budget.

The net income never exceeded expectations according to the flexible budget, but the net profit margin percentage exceeded

expectations according to the flexible budget in some months.

$[$The following information applies to the questions displayed below.$]$

Williams Company is a merchandiser and its accounting department has finished preparing a flexible budget to better

understand the differences between its actual results and the master budget. The chief financial officer $($CFO$)$ would like

your assistance in interpreting some data visualizations that she will use to explain why the company's actual results

differed from its master budget.