Rooney 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. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Required Static Budget 29,000 kits $ 211,700 182,700 43,500 Actual Results 31,200 kits $ 266,360 190,260 50,600 507,220 202,500 437,900 207,000 $ 644,900 $ 709,720 a. Convert the static budget into a flexible budget. b. Calculate the variances. Complexe this question by entering your answers in the tabs below. Required A Required B Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Flexible Budget 31.200 Kits Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Required 182,700 43,500 190,260 50,600 507,220 202,500 437,900 207,000 $ 644,900 $ 709,720 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. Note: Do not round intermediate calculations. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Flexible Budget 31,200 Kits 0 Fixed manufacturing overhead. Total manufacturing costs $ 0 Required A Required B > Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Required 182,700 43,500 190,260 50,600 507,220 202,500 437,900 207,000 $ 644,900 $ 709,720 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 variance Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Variances