According to its original plan, Munoz Consulting Services Company plans to charge its customers for service at $131 per hour. The company president expects consulting services provided to customers to reach 52,000 hours at that rate. The marketing manager, however, argues that actual results may range from 49,000 hours to 55,000 hours because of market uncertainty, Munoz's standard variable cost is $38 per hour, and its standard fixed cost is $1.440,000. Required Develop flexible budgets based on the assumptions of service levels at 49,000 hours, 52,000 hours, and 55,000 hours, Flexible Budget Flexible Budget Flexible Budget 40,000 Hours 52,000 Hours 55,000 Hours Sales Variable costs Contribution margin xed costs Net income 0 0 0 $ 05 05 0