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16,750 pounds at $0.84 a pound. Super budgeted for 63,000 pumpkin scones....

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Accounting

16,750 pounds at $0.84 a pound. Super 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.
Requirements
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.
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