Fanning Medical Equipment Company makes a blood pressure measuring kit. Jason McCay is the production manager. The production department's static budget and actual results for Year 3 follow Actual Results 35 100 Mies $364, 460 225,560 Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 33,6ee kits $250.800 217.800 49, 500 518, 100 219.oee $737,100 586,470 213, 100 $799,570 Required o. Convert the static budget into a flexible budget. b. Calculate the variances