Howard Cooper, the president of Finch 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, $ 81.00 Standard rate and variable costs Service rate per hour Labor cost Overhead cost Selling, general, and administrative cost Expected fixed coats Facility maintenance Selling, general, and administrative 35.00 7.10 3.70 $519,000 146,000 Required: a. Prepare the proforma Income statement that would appear in the master budget If the firm expects to provide 42,000 hours of Services in 2019. b. A marketing consultant suggests to Mr. Cooper that the service rate may affect the number of service hours that the firm can achieve. According to the consultant's analysis, if Finch charges customers $76 per hour, the firm can achieve 48,000 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 $86 per hour, the number of service hours will decline to 38,000. Prepare a flexible budget using the new assumption. Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare the pro forma income statement that would appear in the master budget if the of services in 2019. FINCH COMPUTER SERVICES Pro Forma Income Statement Master Budget ces Variable costs: $ 0 Fixed costs: $ 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C A marketing consultant suggests to Mr. Cooper that the service rate may affect the num achieve. According to the consultant's analysis, if Finch charges customers $76 per hour services. Prepare a flexible budget using the consultant's assumption. FINCH COMPUTER SERVICES Pro Forma Income Statement Flexible Budget nces Variable costs: Fixed costs: complete this question by entering your answers in the tabs below. Required A Required B Required The same consultant also suggests that if the firm raises its rate to $86 per hour, the number 38,000. Prepare a flexible budget using the new assumption. FINCH COMPUTER SERVICES Pro Forma Income Statement Flexible Budget Variable costs: Fixed costs: $ 0