The River Valley Orchestra, which is managed by a small number of full$-$time professional administrative staff, performs ensemble orchestra shows throughout the year. Its conductor and musicians rehearse without pay and are only paid for actual performances.

The River Valley Orchestra has asked for your help in preparing a planning budget at the beginning of the year and evaluating actual expenses at the end of the year. The orchestra plans to have one production for each season $($Spring$,$ Summer, Winter, and Fall$)$ with a total of $22$ performances. For example, for the Summer production $($a focus on classical music in films$)$ they plan on having six performances. After interviewing various people affiliated with the orchestra you have developed the following cost formulas for each of the eight expenses that will be included in the planning budget:

Cost Formulas

Per Production Per Performance Fixed

Conductor and musicians$$ wages $ $6,600$

Stagehands$$ wages $ $850$

Ticket booth personal and ushers$$ wages $ $410$

Scenery and wardrobe $ $9,400$

Orchestra venue rent $ $1,800$

Printed programs $ $425$

Publicity $ $4,500$

Administrative expenses $ $1,400$ $ $96$ $ $39,500$

By the end of the year, The River Valley Orchestra actually put on four productions and a total of $26$ performances. The actual expenses incurred during the year were as follows:

Amount

Conductor and musicians$$ wages $ $175,700$

Stagehands$$ wages $20,200$

Ticket booth personal and ushers$$ wages $11,200$

Scenery and wardrobe $40,900$

Orchestra venue rent $44,700$

Printed programs $10,700$

Publicity $21,600$

Administrative expenses $46,300$

Conductor and musicians$$ wages $ $371,300$

Download the Excel file, which you will use to create some Power BI visualizations that compare the planning budget to the actual results.

Upload the Excel file into Power BI by doing the following:

Use the attached picture to answer the following questions:

Required:

Note: Note that for all questions below 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.

Which of the following statements is true with respect to the bar chart that you just created?

check all that apply $1$

The actual amount of the conductor and musicians' wages exceeds the amount in the planning budget.

The actual amount of the conductor and musicians' wages exceeds the amount that would be expected for the actual level of activity.

The conductor and musicians' wages in the flexible budget exceeds the corresponding amount in the planning budget.

The conductor and musicians' wages in the planning budget exceeds the corresponding amount in the flexible budget.

Which of the following statements is true with respect to the bar chart that you just created?

check all that apply $2$

The scenery and wardrobe expense in the flexible budget equals the corresponding amount in the planning budget, thereby suggesting that the cost driver for this expense is number of productions.

The scenery and wardrobe expense in the flexible budget equals the corresponding amount in the planning budget, thereby suggesting that the cost driver for this expense is number of performances.

The scenery and wardrobe expense in the flexible budget equals the corresponding amount in the planning budget, thereby suggesting that the cost drivers for this expense include number of productions and number of performances.

The scenery and wardrobe expense in the flexible budget equals the corresponding amount in the planning budget, thereby suggesting that this expense is a fixed cost.

Which of the following statements is true with respect to the bar chart that you just created?

check all that apply $3$

The actual amount of ticket booth personnel and ushers' wages is greater than the planning budget, but less than the flexible budget.unanswered

The actual amounts of stagehands' wages and printed programs are both greater than the amounts expected according to the flexible budget.unanswered

The actual amounts of orchestra venue rent and publicity both exceed their corresponding amounts in the flexible budget.unanswered

The administrative expenses is the only one of eight expenses where the actual amount of the expense is less than the planning and flexible budgets.unanswered