Exercise 8-6A (Algo) Using a flexible budget to accommodate market uncertainty LO 8-4 According to its original plan, Gibson Consulting Services Company plans to charge its customers for service at $125 per hour in Year 2. The compary 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 47,000 hours to 57,000 hours because of market uncertainty. Gibson's standard variable cost is $38 per hour, and its standard fixed cost is $1,410,000 Required Develop flexible budgets based on the assumptions of service levels at 47,000 hours, 52,000 hours, and 57,000 hours Exercise 8-6A (Algo) Using a flexible budget to accommodate market uncertainty LO 8-4 According to its original plan, Gibson Consulting Services Company plans to charge its customers for service at $125 per hour in Year 2. The compary 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 47,000 hours to 57,000 hours because of market uncertainty. Gibson's standard variable cost is $38 per hour, and its standard fixed cost is $1,410,000 Required Develop flexible budgets based on the assumptions of service levels at 47,000 hours, 52,000 hours, and 57,000 hours