According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $$129$ per hour in Year

The company president expects consulting services provided to customers to reach $47,000$ hours at that rate. The marketing

manager, however, argues that actual results may range from $41,000$ hours to $53,000$ hours because of market uncertainty. Fanning's

standard variable cost is $$44$ per hour, and its standard fixed cost is $$1,400,000.$

Required

Develop flexible budgets based on the assumptions of service levels at $41,000$ hours, $47,000$ hours, and $53,000$ hours.