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Fanning Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department s static budget and actual results
Fanning Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production departments static budget and actual results for Year follow.
Static Budget Actual Results
Production in units kits kits
Direct materials $ $
Direct labor
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
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