Perfecto Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 16,500 pounds of pumpkin at $0.87 a pound. Actual purchases and usage for January 2017 were 17,000 pounds at $0.82 a pound. Perfecto budgeted for 66,000 pumpkin scones. Actual output was 57,800 pumpkin scones. Read the requirements. Budgeted input for actual output Budgeted cost per pound = Flexible budget pumpkin costs 12572 14450 0.87 Now enter the amounts above into the analysis and determine the flexible-budget variance. (Round your answers to the nearest whole dollar. Label each variance as favorable (F) or unfavorable (U).) Actual Flexible-Budget Flexible Sales-Volume Static Results Variance Budget Variance Budget Pumpkin costs Requirement 2. Compute the price and efficiency variances. Begin by completing the following table. (Round your answer to the nearest whole dollar. Abbreviation used: Qty = quantity) Actual Input Qty Actual Flexible Costs Budgeted Price Budget The price variance is $ 850) F. (Label the variance as favorable (F) or unfavorable (U).) The efficiency variance is $ 2219 U. (Label the variance as favorable (F) or unfavorable (U).)