according to its original plan, fanning

According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $132 per hour in 2018. The company president expects consulting services provided to customers to reach 48.000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 53,000 hours because of market uncertainty, Fanning's standard variable cost is $47 per hour, and its standard fixed cost is $1,390,000 Required Develop flexible budgets based on the assumptions of service levels at 43,000 hours, 48,000 hours, and 53,000 hours. Flexible Budget Flexible Budget Flexible Budget 43,000 Hours 48,000 Hours 53,000 Hours Sales Variable costs Contribution margin Fixed costs Net income