WILHO ACC 300 Cost Accounting (1) Save Homework: Chapter 7 Score: 0 of 1 pt 2 of 6 (0 complete) HW Score: 0%, 0 of 18 pts E7-26 (book/static) Tutoring Question Help Sunshine Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 14,750 pounds of pumpkin at $0.92 a pound. Actual purchases and usage for January 2017 were 16,000 pounds at $0,85 a pound. Sunshine budgeted for 59,000 pumpkin soones. Actual output was 59,200 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 X exible-budget variance. ormula used to calculate the actual pumpkin costs, then enter the amounts in the formula and calcul X 0 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. Print Done