E7-26 (similar to) Question Help O Harvest Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 15.750 pounds of pumpkin at $0.90 a pound. Actual purchases and usage for January 2017 were 16,750 pounds at 50.84 a pound. Harvest budgeted for 63,000 pumpkin scones. Actual output was 60,300 pumpkin scones. Read the requirements. Requirement 1. Compute the flexible-budget variance. Let's begin by determining the formula used to calculate the actual pumpkin costs, then enter the amounts in the formula and calculate the cost. Actual pumpkin costs Requirements 1. Compute the flexible-budget variance. 2. Compute the price and efficiency variances. 3. Comment on the results for requirements 1 and 2 and provide a possible explanation for them. Print Done Choose from any list or enter any number in the input fields and then click Check