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#4 Franklin Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results

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Franklin Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results for Year 3 follow: Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Convert the static budget into a flexible budget. Calculate the variances. (Indicate the effect of each variance by for no effect (i.e., zero variance).)

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