Muskrat 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 2019 follow Actual Results Static Budget 60,000 kits 525,000 450.000 120,000 1,095,000 525,000 Production in units Direct materials Direct labor Variable manu facturing overhead Total variable costs 64,000 kits $655,000 464,000 135,000 1,254,000 Fixed manufacturing ove rhead 512,500 $1,766,500 $1,620,000 Total manufactu ring cost 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.) Flexible Budget 64,000 Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs $ 0 Fixed manufacturing overhead Total manufacturing costs $ 0 Muskrat 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 2019 follow: Static Budget 60,000 kits 525,000 450,000 120,000 Actual Results Production in units Direct materials Direct labor 64,000 kits 655,000 464,000 135, 000 1,254,000 512,500 Variable manufacturing overhead Total variable costs 1,095,000 525,000 Fixed manufacturing overhead $1,620,000 $1,766,500 Total manufacturing cost 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 Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead F U Total manufacturina costs None