Exercise $15-10$A $($Algo$)$ Evaluating a cost center including flexible budgeting concepts LO $15-3,15-4,15-5$

Benson 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:

$\backslash$table$[[,$Static Budget,Actual Results$],[$Production in units,$29,000,$kits$]]$

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.

Note: Do not round intermediate calculations.

$\backslash$table$[[,$Flexible Budget$],[$Production in units,,$],[$Direct materials,,$],[$Direct labor,,$],[$Variable manufacturing overhead,,$],[$Total variable costs,,$],[$Fixed manufacturing overhead,,$0],[$Total manufacturing costs,$$,]]$