According to its original plan, Finch Consulting Services Company plans to charge its customers for service at $130 per hour in Year 2. 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 42,000 hours to 52,000 hours because of market uncertainty. Finch's standard variable cost is $42 per hour, and its standard fixed cost is $1,440,000. Required Develop flexible budgets based on the assumptions of service levels at 42,000 hours, 47,000 hours, and 52,000 hours. Flexible Budget Flexible Budget Flexible Budget 42,000 Hours 47,000 Hours 52,000 Hours Sales Variable costs Contribution margin Fixed costs Net income 0 0 0 $ 0 $ 0 $ 0