Reviewing the year-to-date variance report for Aspirations, the lifestyle brand, you notice that net income varies by ($118). That seems pretty close to budget, especially since total revenue is more than $1000 behind plan. Which of the following contributed to offsetting the big miss in revenue? O Gross margin percentage was better than forecasted o Operating expenses were lower than budgeted Both of the above O Neither of the above While analyzing the variance report for Aspirations, the lifestyle company, you notice a year-to-date variance of $280 in labor expense. How do you interpret this? The company spent $280 less than budgeted in labor The company spent $280 more than budgeted in labor The company is using labor more efficiently than planned The hourly labor rate was lower than expected