According to its original plan, Perez Consulting Services Company plans to charge its customers for service at $126 per hour in 2018 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 40,000 hours to 54,000 hours because of market uncertainty. Perez's standard variable cost is $42 per hour, and its standard fixed cost is $1,480,000 Required Develop flexible budgets based on the assumptions of service levels at 40,000 hours, 47,000 hours, and 54,000 hours. Flexible Budget Flexible Budget Flexible Budget 40,000 Hours 47,000 Hours 54,000 Hours