Question Help 0 Meadow Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 14,500 pounds of pumpkin at $0.91 a pound. Actual purchases and usage for January 2017 were 15,000 pounds at $0.87 a pound. Meadow budgeted for 58,000 pumpkin scones. Actual output was 52,500 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 actures pumpkin scones. For January 2017, it budgeted to purchase and use 14,500 pounds of pumpkin at $0.91 a 7 were 15,000 pounds at $0.87 a pound. Meadow budgeted for 58,000 pumpkin scones. Actual output was 52,500 bute the flexible 1 Requirements ning the formu late the 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. Print Done or enter any number in the input fields and then click Check Answer. Cher