Exercise 15-10A (Algo) Evaluating a cost center including flexible budgeting concepts LO 15-3,15-4, 15-5 Jordan 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 Static Budget Actual Results 24,000 bits 25, 200 mts $158, 400 $ 204,320 134,400 134,120 36.000 40,100 328,800 378,540 215,000 210, 800 $543,800 $589,340 Required 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 Flexible Budget Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Required A Required B Calculate the variances. (Indicate the effect of each variance by s for no effect (i.e., zero variance).). Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs