Powerful Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 15.750 pounds of pumpkin at $0.90 a pound. Actual purchases and usage for January 2017 were 16.750 pounds at $0.84 a pound. Powerful 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 - Actual pumpkin costs 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