Foods manufactures pumpkin scones. For January 2020 , it budgeted to purchase and use 14,500 pounds of pumpkin at 0.91 a pound. Actual purchases and usage for January 2020 were 15,000 pounds at 0.87 a pound. Healthful budgeted for 15,000 pumpkin scones. Actual output was 52,500 pumpkin scones.

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.