Benson 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. Complete this question by entering your answers in the tabs below. Convert the static budget into a flexible budget. (Do not round intermediate calculations.) \begin{tabular}{|l|l|l|} \hline Production in units & & \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline Direct materials & & \\ \hline Direct labor & & \\ \hline Variable manufacturing overhead & & \\ \hline Total variable costs & & \\ \hline Fixed manufacturing overhead & & \\ \hline Total manufacturing costs & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Direct materials & \\ \hline Direct labor & \\ \hline Variable manufacturing overhead & \\ \hline Total variable costs & \\ \hline Fixed manufacturing overhead & \\ \hline Total manufacturing costs & \\ \hline \end{tabular}