Perfecto 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. Perfecto 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. 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