pumpkin scones. Actual output was $51,300$ pumpkin scones.

Required

Requirement $1.$ Compute the flexible$-$budget variance. $($Round your answers to the nearest whole dollar. Label the variance as favourable $($F$)$ or unfavourable $($U$).)$

The price variance is $

The efficiency variance is $

Requirement $3.$ Comment on the results for requirements $1$ and $2$ and provide a possible explanation for them.

The

rice variance reflects the actual purchase cost being

the budgeted purchase cost per kilogram. The

efficiency variance reflects the actual materials yield being

the budgeted yield. The company

used

pumpkin $($materials$)$ to make the scones than was budgeted. One explanation may be that Positive purchased

quality pumpkins at a

cost per kilogram.

Required

Compute the flexible$-$budget variance.

Compute the price and efficiency variances.

Comment on the results for requirements $1$ and $2$ and provide a possible

explanation for them.