8. The Guava Limb Caf manufactures different flavours of cheesecakes, including blueberry, strawberry, snickers, Oreo and red velvet cheesecakes. For September 2020, it budgeted to purchase and use 1,490 pounds of Philadelphia cheese at $16 a pound. Actual purchases and usage for September 2020 were 2,090 pounds at $13 a pound. Guava Limb had budgeted for 745 cheesecakes, but the actual output was 950 cheesecakes. Required: (i) Compute the flexible-budget variance and sales-volume variance. (7 points) (ii) Compute the price and efficiency variances (3 points) 8. The Guava Limb Caf manufactures different flavours of cheesecakes, including blueberry, strawberry, snickers, Oreo and red velvet cheesecakes. For September 2020, it budgeted to purchase and use 1,490 pounds of Philadelphia cheese at $16 a pound. Actual purchases and usage for September 2020 were 2,090 pounds at $13 a pound. Guava Limb had budgeted for 745 cheesecakes, but the actual output was 950 cheesecakes. Required: (i) Compute the flexible-budget variance and sales-volume variance. (7 points) (ii) Compute the price and efficiency variances (3 points)