apter 9: Homework (Managerial) Savod Finch 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 eints Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 27,000 kits $285,200 178,200 40,569 423,900 219,00 $642,900 Actual Results 29. Je kits $260,480 186,680 46,25e 493.410 213. Bee 5207.210 References 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 29 300 Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead 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 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 Total manufacturing costs Exercise 9-5A (Algo) Evaluating a cost center including flexible budgeting concepts LO 9-1 Finch 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. BIENES Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 27,000 kits $285,200 178,200 40,500 423,900 2 19,000 $642,900 Actual Results 29,300 hits $260,480 186,680 46,250 7 493,410 1 213.800 $707,210 11) Bee 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 for favorable. "U" for unfavorable, and None Calculate the variances. (Indicate the effect of each variance by selecting for no effect (i.e., zero variance).) Variances Direct materials Director Direct labor Won 2 of 7 !!! Next > 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. Requirela Required B Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible Budget 29,300 Kits Production in units Direct materials Direct labore Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Required B > 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 Required B Calculate the variances. (Indicate the effect of each variance by selecting for no effect (i.e., zero variance).) ting for favorable," for unfavorable, and "None Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs L