$14,250$ pounds at $$0\mathrm{.}82$ a pound. Paulson budgeted for $56,000$ pumpkin scones. Actual output was $51,300$ 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.