Adams 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: Static Budget Actual Results Production in units 22,000 kits 24,200 kits Direct materials $158,400 $211,940 Direct labor 136,400 144,340 Variable manufacturing overhead 33,000 38,900 Total variable costs 327,800 395,180 Fixed manufacturing overhead 213,000 208,000 Total manufacturing cost $540,800 $603,180 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible Budget