According to its original plan, Walton Consulting Services Company plans to charge its customers for service at $$126$ per hour in Year $2.$ The company president expects consulting services provided to customers to reach $51,000$ hours at that rate. The marketing manager, however, argues that actual results may range from $48,000$ hours to $54,000$ hours because of market uncertainty. Walton's standard variable cost is $$46$ per hour, and its standard fixed cost is $$1,460,000.$

Required

Develop flexible budgets based on the assumptions of service levels at $48,000$ hours, $51,000$ hours, and $54,000$ hours.

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