Vernon 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: Actual statist Route Production in unita 32,000 kit 24.500 Kit Direct materiale 0256,000 9313.400 Direct labor 324,000 235,000 Variable manufacturing overhead 48.000 54,250 Total Visible costs 520,000 602,650 Pixed manufacturing over hend 315,000 210.900 Total manufacturing cont 1943,000 1913.550 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 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 5 0 $ eBook Required A Required B Print Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). References Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs