Required information Flexible Budgeting and Financial Statement Analysis [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. Required: Review the Tableau dashboards that the CFO has given you and answer the questions that follow. (For each question 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.) 8a. Given all of the Tableau visualizations you have reviewed, which of the following statements are true with respect to the company's overall performance? The company reduced its actual average selling price during seven months of the year which in turn raised those month's unit saies above the initial projections. From January through May and December, the actual gross margin percentoge was greater than what would have been expected at the actual average seling prices. The company's actual monthly net income never met or exceeded expectations according to the flexible budget. Each month's actual selling and administrative expense was less than expected according to the flexible budget. 8b. Given all of the Tableau visualizations you have reviewed, which of the following statements are true with respect to the company's overall performance? 7. The company expected to coliect 205(180%) of each month's sales in the month of sole, howeves, it never reached this goat thifoughout the yoar The company had to bortow less money during the months of March through June than expected accopding to the flexible budget. At their peak, the curmulative operating cash flows exceeded the expectotions according to the flexible budget. The actubl cumulotive operating cosh flows dropped well below expectations (occording to the flexible budget) by the inonth of June. Required information Flexible Budgeting and Financial Statement Analysis [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. Required: Review the Tableau dashboards that the CFO has given you and answer the questions that follow. (For each question 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.) 8a. Given all of the Tableau visualizations you have reviewed, which of the following statements are true with respect to the company's overall performance? The company reduced its actual average selling price during seven months of the year which in turn raised those month's unit saies above the initial projections. From January through May and December, the actual gross margin percentoge was greater than what would have been expected at the actual average seling prices. The company's actual monthly net income never met or exceeded expectations according to the flexible budget. Each month's actual selling and administrative expense was less than expected according to the flexible budget. 8b. Given all of the Tableau visualizations you have reviewed, which of the following statements are true with respect to the company's overall performance? 7. The company expected to coliect 205(180%) of each month's sales in the month of sole, howeves, it never reached this goat thifoughout the yoar The company had to bortow less money during the months of March through June than expected accopding to the flexible budget. At their peak, the curmulative operating cash flows exceeded the expectotions according to the flexible budget. The actubl cumulotive operating cosh flows dropped well below expectations (occording to the flexible budget) by the inonth of June