Poeltve Foods manufecturos pumplin scones. For Jaruary 2000, it budgeled to purchase and use 16,000 pounds of pumpkin at $0 a8 a pound. Achuat purchases and usage for January 2020 were 17,250 pounds at 50.82 a pound. Positive budgeled for 64,000 pumplin soones Actual output was 62,160 pumphin scones. Read the requirements Regulrement 1. Congute the fexble-budget variance. Letk begin by delermining the formula used to calculate the achual pumplin costs, then efler the amounts in the formula and calculate the cost Now detomine the formula and calculate the purpein costs that wil be found in the vate budget colume of your analysa. Detiemice the formula and calouate the pumpkin costs for the ferabe budget. (Rocund your answer bo the nearest whicie doliar) Now enter the amounts abeve ints the analyst and deiermine the fenble-budpel variance. (Ploued your antwnis to the nearest whole dolar Labei nach variance as favorable (F) or untavorable (U)) Requirement 2. Compute the price and efficency variances Requirements 1. Compute the ferible budget verance. 2. Compute the price and eIsciency uirlancet 2. Comment on the result for requiremeits 1 and 2 and provide a posstie explanason for them