Orange Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 15,250 pounds of pumpkin at $0.84 a pound. Actual purchases and usage for January 2017 were 16,000 pounds at $0.81 a pound. Orange budgeted for 61,000 pumpkin scones. Actual output was 56,800 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 X = i 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 Answer. ? 7 parts remaining Clear All Check