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 Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget Actual Results 23,608 Rits 25,480 kits $140,300 $192,440 117,300 122,440 34,500 41,100 292,100 355,989 218,000 213,700 $510, 100 $569,680 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 KES Production in units Direct materiala Direct labor Variable manufacturing overhead Totat variable costs Faced manufacturing overhead Total manufacturing costs $ 0 S 0 B Required> 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 Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Statit Budget Actual Results 23,200 Rits 25,480 Rits $140,300 $192,440 117,300 122,440 34,500 41,100 292,100 355,980 218,600 213,700 5519,160 5569,680 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 "Ffor favorable, "U"for unfavorable, and "None for no effect (1.0., zero variance).) Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fored manufacturing overhead Total manufacturing costs