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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

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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 Actual Results Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 60,000 kits 64,000 kits $ 525,000 $655,000 464,000 135,000 1,254,000 512,500 $1,620,000 $1,766,500 450,000 120.000 1,095, 000 525.000 Required a. Convert the static budget into a flexible budget. b. Calculate the variances

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