According to its original plan, Stuart Consulting Services Company plans to charge its customers for service at $133 per hour in 2018. The company president expects consulting services provided to customers to reach 54,000 hours at that rate. The marketing manager, however, argues that actual results may range from 50,000 hours to 58,000 hours because of market uncertainty. Stuarts standard variable cost is $40 per hour, and its standard fixed cost is $1,340,000. Required Develop flexible budgets based on the assumptions of service levels at 50,000 hours, 54,000 hours, and 58,000 hours. Flexible Budget Flexible Budget Flexible Budget 54,000 Hours 58,000 Hours 50,000 Hours 0 0 0 Fixed costs Sales Variable costs