Exercise 8-6A (Algo) Using a flexible budget to accommodate market uncertainty LO 8-4 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 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 51,000 hours because of market uncertainty. Walton's standard variable cost is $40 per hour, and its standard fixed cost is $1,410,000. Required Develop flexible budgets based on the assumptions of service levels at 43,000 hours, 47,000 hours, and 51,000 hours. Flexible Budget Flexible Budget 43,000 Hours Flexible Budget 47,000 Hours 51,000 Hours 0 0 0 Fixed costs $ 0 $ 0 $ 0 Sales Variable costs