Howard Cooper, the president of Baird Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal year 2019. Standard rate and variable costs BAIRD COMPUTER SERVICES $ 83.00 Service rate per hour Labor cost Overhead cost Pro Forma Income Statement 32.00 6.90 Flexible Budget Selling, general, and administrative cost Expected fixed costs Facility maintenance Selling, general, and administrative 3.90 $520, 000 144, 000 Variable costs Required: a. Prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 36,000 hours of services in 2019. b. A marketing consultant suggests to Mr. Cooper that the service rate mey affect the number of service hours that the firm can achieve. According to the consultant's analysis, if Baird charges customers $78 per hour, the firm can achieve 45,000 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 $88 per hour, the number of service hours will decline to 29,000 Prepare a flexible budget using the new assumption. Fixed costs: Complete this question by entering your answers in the tabs below. Required A Required C Required B Prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 36,000 hours of services in 2019. BAIRD COMPUTER SERVICES Pro Forma Income Statement Master Budget Variable costs: BAIRD COMPUTER SERVICES Pro Forma income Statement Flexible Budget Fixed costs Variable costs: Foxed costs: ol ( Required B Required C>