Budgeted Financial Statement Analysis Project 0 Saved Help 2 Howard Cooper. the president of Baird Computer Services, needs your help. He wonders about the potential effects on the rm's net income if he changes the service rate that the rm charges its customers. The following basic data pertain to scal Year 3. 15 points Standard rate and variable costs Service rate per hour 1; 82.00 Labor cost 31.00 Overhead cost 6.70 93\"\" Selling, general, and administrative cost 3.60 Expected fixed costs Prim Facility maintenance $524,000 Selling, general, and administrative 149,000 References Required: a. Prepare the pro forma income statement that would appear in the master budget if the rm expects to provide 35,000 hours of services in Year 3. b. A marketing consultant suggests to Mr. Cooper that the service rate may affect the number of service hours that the rm can achieve. According to the consultant's analysis, if Baird charges customers $77 per hour, the rm can achieve 41,000 hours of services. Prepare a flexible budget using the consultant's assumption. c. The same consultant also suggests that if the firm raises its rate to $87 per hour, the number of service hours will decline to 28,000. Prepare a flexible budget using the new assumption. Complete thls question by entering your answers In the tabs below. Required A Required B Required C Save & Exlt Submit Check my work