budgeted for $59,000$ pumpkin scones. 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.

Now determine the formula and calculate the pumpkin costs that will be found in the static budget column of your analysis.

Determine the formula and calculate the pumpkin costs for the flexible budget. $($Round your answer to the nearest whole dollar.$)$

$|=$ Flexible budget pumpkin costs $=$

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.