Munoz 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: Motul statie Budget Renalts Production in units 20,000 kit 26,300 tits Direct materials $100,000 $234,450 Direct labor 156,000 164,550 Variable manufacturing overhand 36,000 41.950 Total variable conta 372,000 440,950 Fixed manufacturing overhead 211,000 206,700 Total manufacturing coat $583,000 $647,650 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 Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible Budget Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs $ 0 $