Chapter 9 Q1 and Q2

Jordan Lompany nas providea the rollowing Year aata. Required Prepare a budgeted and actual Income statement for Internal use. 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. Required a. Convert the static budget into a flexlble budget. b. Calculate the varlances. Complete this question by entering your answers in the tabs below. Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Calculate the variances. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e.v zero variance)