Exercise 15-10A (Algo) Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5 Baird 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. Static Budget Production in units 30,000 kits Actual Results 31,000 kits Direct materials $213,000 $257,500 Direct labor 183,000 182,100 Variable manufacturing overhead 45,000 48,500 Total variable costs 441,000 488,100 Fixed manufacturing overhead 210,000 204,500 Total manufacturing cost $651,000 $692,600 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 13 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 Direct materials Direct labor Variable manufacturing overhead Total variable costs Foxed manufacturing overhead Total manufacturing costs Flexible Budget Kits RealA Required B> 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 Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance).) Direct materials Direct labor Variable manufacturing overhead Total variable costs Faxed manufacturing overhead Total manufacturing costs Variances