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 2019 follow Static Budget Actual Results 33,000 kits $211,200 178,200 Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 36,000 kits $268,00e 188,100 56,600 512,700 203,700 $716,400 49,500 438,900 209,000 $647,900 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 Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead 36,000 Kits