Finch 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. Static Budget Production in units 23,000 kits Actual Results 25,800 kits Direct materials $142,600 $197,760 Direct labor 119,600 127,460 Variable manufacturing overhead 34,500 42,200 Total variable costs. 296,700 367,420 Fixed manufacturing overhead 213,000 208,400 Total manufacturing cost $509,700 $575,820 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. (Do not round intermediate calculations.) Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Flexible Budget Kits Required A Required B >