Complete this question by entering your answers in the tabs below. Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for for no effect (i.e., zero variance).) Complete this question by entering your answers in the tabs below. Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Exercise 15-10A (Algo) Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5 Finch Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is th 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