Homework: chapter7 Score: 0 of 30 pts Instructor-created question 1of6(0 complete) Hw Score: 0%, 0 of 145 Question Hep Meadow Foods manufactures pumpkin scones For January 2012 t budgeted to purchase and use 15,750 pounds of pumpkin at $0 86 a pound Actual purchases and usage for January 2012 sere 16.750 pounds at 50.81 a pound it budgets bo 63,000 pumpkin scones Actual output was 62.813 pumpkin scones 1. Compute the fexible-budget variance 2. Compute the price and efficiency vanances Requirement 1.Compute the fesxible-budget vaniance Lets begin by determining the formula used to calculate the actual pumpkin costs, then enter the amounts in the formula and calculate tho cost (Round your answer to the nearest ahole dollar) Achual pumpkin costs Now determine the formula and calculate te pumpkin costs that will be found in the static budget column of your analysis (Round your ansser to the nearest whole dollar) -Staie budget pumpkin costs Determine the formula and cakculate the pumpkin costs for the fexible budget. (Round ouput calculations to the nearest whole number Round your inal answer to the nearest whole dollar ) -Flexble badget pumpkin costs Now enter the amounts abeve into the analysis and determine the fexible budget variance (Label each vaniance as favrable (F) or nfvorable (U)) Actual FlexibleBadget Fille Sales whme Satie Variance Bdget Variance Pumphn costs Requirement 2 Compute the price and eiciancy variances Begin by completing the following table (Round your answer to the nearest whole dolat) Actual Input Qty Flexible Dudget Budgeted Price Choose from any ist or enter any number in the input ftelts and then cick Check Answer Clear As