Acct301

Week 3. Homework 4 Perez 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 2019 follow. 5 Actual points Static Budget Results Production in units 38, 080 kits 39,400 kits Direct materials $231, 800 $277,940 Direct labor 193, 800 193,740 Variable manufacturing overhead 57, 600 62,800 -Book Total variable costs 482, 600 534, 480 Fixed manufacturing overhead 219, 090 213, 300 Total manufacturing cost $701, 600 $747,780 Ask Required a. Convert the static budget Into a flexible budget b. Calculate the variances. References Complete this question by entering your answers in the tabs below. Required A Required B Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Toral manufacturing costs