Walton 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: Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Completethis question by entering your answers in the tabs below. Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Valton Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production epartment's static budget and actual results for Year 3 follow: equired . Convert the static budget into a flexible budget. . Calculate the variances. Complete this question by entering your answers in the tabs below. Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)