Required information [The following information applies to the questions displayed below.] Willams 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. Grnee Marain Analuele Measure Names E Budgoted GMW DEp GM\% at Actual Price (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.) 2a. Which of the following statements are true with respect to the Gross Margin Analysis visualization? 7 The red bars show eoch month's expected gross margin percentage at that month's actual average seiling price. ? The blue bars depict each month's budgeted gross margin percentoge. 7 The horizontal green lines deplict each month's actual gross margin percentage. 2b. Which of the following statements are true with respect to the Gross Margin Analysis visualization? 7 The buogeted gross margin percentoge in February is less than that montris expected gross margin percentage at the actual seling price. 0 The budgeted gross margin percentage in february is greater than that month's expected gross margin percentage at the actuar selling price. I The budgeted gross margin percentage in August is less than that month's expected gross margin percentage at the actual selling price. ? The budgeted pross margin petcentage in August is greater than that month's expected gross margin percentage ot the actual seing price. 2c. Which of the following statements are true with respect to the Gross Margin Analysis visualization? ? The actual gross margin percentage in March is less than that month's expected gross margin percentage at the actual selling price. ? The actual gross margin percentage in March is greater than that month's expected gross margin percentage ot the octual selling price. I The actual gross margin percentage in December is greater than that month's expected gross margin percentage at the actual selling price. I The actual gross margin percentage in December is less than that month's expected gross margin percentage at the actual seling price. 2d. Which of the following insights are revealed by the Gross Margin Analysis visualization? 1 The company's cost of goods sold as a percent of sales must be less than expected in month's where the company's actual solling price equals the budgeted perice. ? The company's cost of goods sold as a percent of sales must be groater than expected in months where the company's actual selling price equals the budgeted price. I The company's cost of goods sold as a percent of sales must be greater than expected in monthis where the compony's actual selling price is less than the budgeted price. 2. The company's cost of goods sold as a percent of sales must be less than expected in month's where the company's actual selling price is less than the budgeted price