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 units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 20,000 hits $132,000 112.000 30.000 274,000 215,000 3489,000 Actual Results 22,00 Mits $185,750 121,180 37,100 347,060 210.900 5557,960 Required a. Convert the static budget into a flexible budget b. Calculate the variances 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 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 manufactung costs Required 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 (.e. zero variance).) Variances Direct matonals Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs