Perez Medical Equipment Company makes a blood pressure measuring H. Jason McCoy is the production manager. The production department's static budget and actual results for Year 3 follow Production in unit Direct materials Direct labor Variable manufacturing overhead Total variable costs Pixed manufacturing overhead Total manufacturing cost Retool Statie Budget ulte 20.000 R 26,300 0177600 3231,820 153,600 161,620 36.000 42,350 367,200 435,590 215,000 210.200 $582,200 5665,790 Required a. Convert the static budget into a flexible budget. b. Calculate the variances