Styles . 1. . . .2 3 .4 .5 .6 Exercise 9-5A Evaluating a cost center including flexible budgeting concepts Muskrot 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 Direct labor Production in units N Direct materials R Direct laborN Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget Actual Results 60,000 kits 64,000 kits $ 525.000 $ 655,000 4 50,000 464,000 120.000 135.000 1.095,000 1254,000 525.000 512.500 $1,620,000 $1,766,500 Required a. Convert the static budget into a flexible budget. b. Use the flexible budget to evaluate Mr. McCoy's performance e. Explain why Mr. McCoy's performance evaluation does not include sales revenue and net income