Stuart Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager....

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Stuart 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 Static Budget 27,000 kits Actual Results 28,300 kits $210,630 137,630 $164,700 137,700 40,500 45,150 342,900 393,410 209,000 204,000 $551,900 $597,410 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 Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Production in units Direct materials Direct labe Flexible Budget Kits Stuart 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 Static Budget 27,000 kits Actual Results 28,300 kits $210,630 137,630 $164,700 137,700 40,500 45,150 342,900 393,410 209,000 204,000 $551,900 $597,410 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 Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Production in units Direct materials Direct labe Flexible Budget Kits