PLEASE ANSWER ALL THE REQUIREMENTS WITH EXPLANATION FOR THUMBS UP! THANK YOU!

Peterson Foods manufactures pumpkin scones. For January 2020 , it budgeted to purchase and use 15,750 pounds of pumpkin at $0.90 a pound. Actual purchases and usage for January 2020 were 16,750 pounds at $0.84 a pound. Peterson budgeted for 63,000 pumpkin scones. Actual output was 60,300 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. Peterson Foods manufactures pumpkin scones. For January 2020 , it budgeted to purchase and use 15,750 pounds of pumpkin at $0.90 a pound. Actual purchases and usage for January 2020 were 16,750 pounds at $0.84 a pound. Peterson budgeted for 63,000 pumpkin scones. Actual output was 60,300 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