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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 Year 3 follow. 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. Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Calculate the variances. Note: Indicate the effect of each variance by selecting "F" for fa zero variance). 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 Year 3 follow. 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. Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Calculate the variances. Note: Indicate the effect of each variance by selecting "F" for fa zero variance)