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Harvest Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 15.000 pounds of pumpkin at $0 80 a pound Actual purchases and usage for January 2017 were 16.000 pounds at 50 82 a pound Marvest budgeted for 60,000 pumpkin soones. Actual output was 60,800 pumpkin scones Read the mouirements 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 to Actual pumpkin costs 1. Compute the texible-budget variance 2. Compute the price and efficiency variances 3. Comment on the results for requirements and 2 and provide a possible explanation for them Now determine the formula and calculate the pumpkin costs that will be found in the state budget column of your Static budget pumpkin costs Print Done Determine the formula and calculate the pumpkin costs for the flexible budget. Round your answer to the nearest Flexible budget pumkino Choose from any list or enter any number in the input fields and then continue to the next question 90 5 4 N 5 6 7 8 OP 0 7 2 3 1 O U w T Y R E . F H G D J K S V > U 2017. It Budgeled to purchase and use 15.000 pounds of pumpkin at $0 89 a pound. Actus purchases and usag were 16,000 pounds at $0.82 a pound. Harvest budgeted for 60,000 pumpkin scones. Actual output was 60,800 pumpkin scones Read the MORE Costs Budgeted Price Budget The price variance is $ (Label the variante as favorable (F) or unfavorable (U The efficiency variance is $ (Label the variante a favorable (F) or unfavorable (U) Requirement 3. Comment on the results for requirements 1 and 2 and provide a possible explanation for them price variance reflects the actual purchase cost being the budgeted purchase cost per pound The efficiency variance reflects the actual materials yield being the budgeted yield. The company pumpkins (materials) to make the scones than was budgeted. The used One explanation may be that Harvest purchased quality pumpkins at a cost per pound Choose from any list or enter any number in the input fields and then continue to the next question BO 12 - 1 7 $ 4 6 5 7 8 3 2 Y R W E T G H . D S A