Exercise 9-5A (Alg) Evaluating a cost center including flexible budgeting concepts LO 9-1 Perez Medical Equipment Company makes a biood pressure measuring kit. Jason McCoy is the production maneger. 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Calculate the variances. Note: Indicate the effect of each variance by selecting " " for favorable, " U " for unfavorable, and "None" for no affect (i.e. zero yariance)