Positive Foods manufactures pumpkin scones. For January 2020, it budgeted to purchase and use 15,250 pounds of pumpkin at $0.84 a pound. Actual purchases and usage for January 2020 were 16,000 pounds at $0.81 a pound. Positive 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. Actual input Actual cost per pound Actual pumpkin costs 16,000 = $ 12,960 0.81 Now determine the formula and calculate the pumpkin costs that will be found in the static budget column of your analysis. Budgeted cost per pound Budgeted input Static budget pumpkin costs 0.84 15,250 12,810 Determine the formula and calculate the pumpkin costs for the flexible budget. (Round your answer to the nearest whole dollar.) Budgeted cost per pound Budgeted input for actual output = Flexible budget pumpkin costs X 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