The dashboard below contains three different types of visualizations pertaining to cost behavior. All the visualizations pertain to Blix Industries, a manufacturer of batteries for electric cars. The "Cost Relationships by Month" visualization displays revenues, fixed costs, and variable costs over a one-year period. This visualization allows you to filter the data by month using the drop-down in the upper right corner. The second visualization contains two bar charts comparing the traditional format income statement with a contribution format income statement for the month of February. Note that both income statements contain the same financial information, just formatted differently. The third visualization contains two pie charts comparing how expenses are classified differently between the traditional and contribution format income statements for the month of February. Use the information within these three visualizations to answer the following questions. 1.0M $0.0M Feb 20 Mar 20 Jan 20 Contribution Format February 2020 Contribution Format Traditional Format February 2020 Traditional Format Feb 2020 Contribution Format Traditinnal Enrmat +x+++abeau Required: 1. The "Cost Relationships" visualization shows revenues in green, variables cost in orange, and fixed cost represented by a blue line. How much were total revenues in the month of February? $2,547,275 $1,276,640 $900,000 $2,203,815 Fixed cost tends to fluctuate with changes in sales. Variable cost tends to fluctuate with changes in sales. Profits for the year were at their lowest in the month of March. Fixed cost for each month totaled $900,000. 3. In which month did the company earn the least amount of revenue? January March July September 4. The bar chart visualization compares the contribution format and traditional format income statements for the month of February. Recall that contribution format income statements classify cost as being either fixed or variable (i.e. based on the way they behave relative to sales) while the traditional income statement classifies cost based on the type of cost incurred (either product or selling. general, and administrative). Based on your analysis, which of the following statements is true? Operating income will always be the same in both statements. Revenue will always be different between the two statements. Total cost will differ between the two income statements. Variable cost is always equal to Cost of Goods Sold during the year: Variable cost is always equal to Cost of Goods Sold during the year. 5. The two pie charts show the proportion of each expense type for both the contribution format and traditional format. Pie charts can be especially useful in quickly determining how a company's cost is structured. Operating leverage is a metric often utilized to evaluate the cost structure of a company. Which of the following best describes the extent of operating leverage for this company? The company has a high degree of operating leverage due to variable costs accounting for a larger proportion of total cost. The company has a low degree of operating leverage due to fixed costs accounting for a larger proportion of total cost. The company has a high degree of operating leverage due to fixed costs accounting for a larger proportion of total cost. The company has a low degree of operating leverage due to variable costs accounting for a larger proportion of total cost