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 35,000 kits $248, 500 213,500 52,500 514,500 201, 000 $715,500 Actual Results 36, 300 kits $294,830 215, 930 57,550 568, 310 195,800 $764, 110 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. Complete this question by entering your answ Required A Required B Convert the static budget into a flexible budget. (Do not round interme Flexible Budget Kits Production in units Direct materials s Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs R Complete this question by entering your answers in the tabs belo Required A Required B :27 Calculate the variances. (Indicate the effect of each variance by selecting for no effect (i.e., zero variance).) Variances nces Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs