Question 4. Using the information above and the TMSAC budget that you prepared for the third quarter, prepare two variance analyses. Be sure to indicate whether each of the variances was favorable or unfavorable. a. In the first variance analysis, look into the differences between budgeted and actual visitor revenues during the third quarter. You may assume that each type of visitor paid the amount they were expected to pay. b. Focus the second analysis on the variance in ash drive expenses. c. Explain to the executive director what has caused each of these thirdquarter derences between the budgeted and actual revenues and expenses. Provide her with as much detail as you can given the available information; that is, calculate the volume, price, and quantity variances for both visitor revenues and ash drive expenses. d. Are these variances large enough to have a significant impact on TSMC'S operations