Paulson Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 16,000 pounds of pumpkin at $0.88 a pound. Actual purchases and usage for January 2017 were 17,250 pounds at $0.82 a pound. Paulson budgeted for 64,000 pumpkin scones. Actual output was 62,100 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. X Actual pumpkin costs 1 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