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 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 Actual Results 28,600 kits 26,000 kits $ 234,840 $ 179,400 153,400 39,000 161,740 46,400 442,980 371,800 210,000 205,800 581,800 $ 648,780 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. Note: Do not round intermediate calculations. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Flexible Budget 28,600 Kits 0 Fixed manufacturing overhead Total manufacturing costs $ 0 Required B >