Exercise 15-10 Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5 Perez 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 ($6.60 per unit) Direct Labor ($5.60 per unit) Variable manufacturing overhead ($1.50 per unit) Total variable costs Pixed manufacturing overhead Total manufacturing cost Static Budget 40,000 kits $264,000 224,000 60,000 548,000 201,000 $749,000 Actual Results 41.800 kits $313,880 228,280 65,000 607, 160 196.900 $804,060 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 B Required Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible Budget Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Ficed manufacturing overhead Prev Next