Excersise 15-10 Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5

cise 151 Check Exercise 15-10 Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5 Munoz 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 2019 follow: Production in units Direct materials ($6.00 per unit) Direct labor (55.00 per unit) Variable manufacturing overhead (51.50 per unit) Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 27,000 Hits $162,00 135,000 40. See 337,500 210,000 $547,500 Actual Results 29,208 Mits 3212,900 140,000 46,200 399, 180 205,500 5604,600 Required a. Convert the static budget into a flexible budget. b. Calculate the volume variance for Direct materials, Direct labor and Fixed manufacturing overhead. c. Calculate the flexible budget variances for Direct materials, Direct labor and Fixed manufacturing overhead. Complete this question by entering your answers in the tabs below. Required A Required Required Convert the static budget into a flexible budget. (Do not round Intermediate calculations.) Flexible Budget Proy 1 of 1 : Next con=con&external browser=0&launchurl=https%6253A 252Fims mhes Gmail G Google cise 15-1 Saved Fixed manufacturing overhead Total manufacturing cost 5547,see 20,50 $684,600 Required a. Convert the static budget into a flexible budget. b. Calculate the volume variance for Direct materials, Direct labor and Fixed manufacturing overhead c. Calculate the flexible budget variances for Direct materials, Direct labor and Fixed manufacturing Complete this question by entering your answers in the tabs below. Required A Required B Required Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible Budget 27,000/ Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Required Required B > Prey 1 of 1 Next > earch o i exercise 15-10 Saved 210, Fixed manufacturing overhead Total manufacturing cost 285,500 $604, 680 $547,500 Required a. Convert the static budget into a flexible budget. b. Calculate the volume variance for Direct materials, Direct labor and Fixed manufacturing overhead. c. Calculate the flexible budget variances for Direct materials, Direct labor and Fixed manufacturing overhead.. 32:06 Complete this question by entering your answers in the tabs below. - Required Required B Required ces Calculate the volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, "None" for no effect (1.e., zero variance).) Volume Variances Direct materials Direct labor Fixed manufacturing overhead