ences Muskrat 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 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Static Budget 60,000 Kits $ 525,000 450,000. 120,000 1,095,000 Actual Results 64,000 Kits $ 655,000 464,000 135,000 1,254,000 525,000 512,500 $ 1,620,000 $ 1,766,500 Complete this question by entering your answers in the tabs below. Required A Required B Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Flexible Budget Kits Required A Required B >