Required information [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. Gross Margin Analysis Measure Names Budgoted Ghally Eep. GMPG at Actual Price The Green line represents the Actual GM\% 2+5+nhaa11 2a. Which of the following statements are true with respect to the Gross Margin Analysis visualization? The red bars show each month's expected gross margin peccentage at that month's actual average selling price. The blue bars depict eoch month's budgeted gross margin percentage. The horizontal green lines depict eoch monthis actual gross margin percentage. 2b. Which of the following statements are true with respect to the Gross Margin Analysis visualization? The budgeted gross margin percentage in February is less than that month's expected gross margin percentage at tho actual seling price The budgeted gross margin percentage in February is greater than that month's expected gross margin percentage at the actual seling price. The budgeted gross margin percentage in August is less than that month's erpected gross margin percentoge at the actuai seling price. The budgeted gross margin percentage in August is greater than that month's expected gross margin percentage of the actuai selling price. 2c. Which of the following statements are true with respect to the Gross Margin Analysis visualization? The actunl 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 thet month's expected gross margin percentage at the actual selling price. The actual gross margin percentage in December is greater than that month's expected gross margin percentage at the actual selling price The actuat gross margin percentage in December is less than that month's expected gross margin percemtage at the actuar selling price. 2d. Which of the following insights are revealed by the Gross Margin Analysis visualization? 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 equals the budgeted price. The company's cost of goods sold as a percent of soles must be greater than expected in months where the company's actual selling price equals the budgeted price. The company's cost of goods sold as a percent of sales must be greater than expected in monthis where the company's actual selling price is iess than the budgeted price The company's cast 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