Rundle 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: ol Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs. Fixed manufacturing overhead Total manufacturing cost Static Budget 28,000 kits $218,490 190,400 42,000 450,000 212,000 $662,800 Actual Results 29.700 kits $268, 760 194,660 47, 450 518,670 207,300 $718,170 ht os 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 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 Kits Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs + Required 3 > 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 for no effect (.e., zero variance).) Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs