Partech Foods manufactures numpkin One For January 2017, hudged to purchase and USA 14,750 pounds of pumpin at 9.32 pound Amal CHASA and usaga for January 2017 Ara 16.000 pounds at $1.45 pound. Perfect budgeten for 50.000 pumpkins. Actual outputs 50 2001 pumpkin sona Read the requirements Requirement 1. Curules the flexible-budget vrience. Let's bagh hy datermining the formula sed to cure the achal pumaid costs, than antartha Amoris in the fom. And calcuna most Paquirements Actual pumpkin Dosts Non determine the formula and alculate the pumpkin Dosts that wil be found in the static budget column at your analysis 1. Compute the flexible-budget variance. 2. Compute the price and efficiency variantes 3. Comment on the results for requirements 1 and 2 and provide a passible explanation for item Static budge, pumpkin boste Print Done Determine the forma and calculate the pumpkin costs for the flexible bucgel. Round your answer to the nearest whule dollar.) Flexible budget pumpkin cele x - Now under the amounts above into the malysis and celerine the Mexillo-budgel variance. (Round your answers to the nearest whole dollar. Label cu variante lavorable {F} or unfavorable 01.) Actual Flexible-Budget Flexible Sales-Volume Static Results Variance Budget Variance Budget Pumpkin costs Requirement 2. Compute the price and efficiency varArCAS. Begin by completing the folowing table. Round your answer to the nearest whole dellar. Abbreviation used: Oty = cuantity) Actual Input ty Actual Flexible Costs Budgeted Price Budget 1 The price variance is 3 Label the variance as favorable (F)ur unfavorable (U). The efficiency wariance is $ Label the variante as favorable (nur unfavorable (U.) Requirement 3. Current on the results for recuirements 1 and 2 and provides pouble exploration for them The price varianca rerecle the actual purchabang the budgeted purchase ora per pound The efficiency varande rulluis euluol material yield being the budgeted yield. The company Requirement 3. Comment on the results for requirements 1 and 2 and provide a possible explanation for them. The price variance reflects the actual purchase cost being efficiency variance reflects the actual materials yield being pumpkins (materials) to make the scones than was budgeted. the budgeted purchase cost per pound. the budgeted yield. The company The used One explanation may be that Perfecto purchased quality pumpkins at a cost per pound