Exercise 15-10A (Algo) Evaluating a cost center including flexible budgetin concepts LO 15-3, 15-4, 15-5 Solomon 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: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Actual Static Budget Results 29,000 kits 31,600 kits. $214,600 $271,440 185,600 196,840 43,500 49,300 443,700 517,580 209,000 284,400 $652,700 $721,980 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. Required A Required B Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Production in units Flexible Budget Kits Direct materials Direct labor Variable manufacturing overhead Total variable costs $ 0 Fixed manufacturing overhead Total manufacturing costs $ 0