Exercise 15-10A (Algo) Evaluating a cost center including flexible budgeting concepts LO 153,154,155 Solomon 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: 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. Calculate the variances. (Indicate the effect of each variance by selecting " F " for favorab for no effect (i.e., zero variance).)