Actual Expenses vs The Flexible Budget Note: The Y-axis begins at $330,000 to enable a scale that proceeds in increments of $2,000. 6a. Which of the following statements are true with respect to the format of this visualization? (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.) ? This visualization explains why the planned expenses differed from the actual expenses. This visualization includes favorable and unfavorable spending variances. This visualization depicts all eight spending variances in dollars and percentages. 6b. Which of the following statements are correct interpretations of this visualization? (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.) The administrative expenses, printed programs, and ticket booth personnel and ushers' wages all have favorable spending variances. The publicity and theater hall rent spending variances are the same amount and they are both favorable. The actors' and directors' wages and scenery, costumes, and props spending variances are the two biggest reasons why the actual expenses exceeded the flexible budget