Exercise 15-10A (Algo) Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5 Campbell 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 unite k Direct materials Direct labor D ences Actual Results $247,750 175,350 Static Budget 25,000 kits 27,900 kits $187,500 162,500 37,500 44,450 387,500 467,550 202,000 196,100 $589,500 $663,650 Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 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.)