Exercise 15-10 Evaluating a cost center including flexible budgeting concepts LO 15-3, 15-4, 15-5 Zachary 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 2019 follow: Production in units Direct materials ($6.10 per unit) Direct labor ($5.10 per unit) Variable manufacturing overhead ($1.50 per unit) Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 35,000 kits $213,500 178,500 52,500 444,500 212,000 $656,500 Actual Results 36,000 kits $257,300 177,200 56,600 491,100 206,400 $697,500 Required a. Convert the static budget into a flexible budget. b. Calculate the volume variance for Direct materials, Direct labor and Fixed manufacturing overhead. c. Calculate the flexible budget variances for Direct materials, Direct labor and Fixed manufacturing overhead