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  3. baker charges its customers $75 per hour. the chie

Baker charges its customers $75 per hour. The chief operating officer expected that the company...

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Accounting

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Baker charges its customers $75 per hour. The chief operating officer expected that the company would provide 47,500 hours of service to clients. However, the vice president for marketing argues that the actual number of hours may range from 43,500 to 51,500 hours. Baker's standard variable cost is $47.50 per hour, and its standard fixed cost is $765,000. Required: Prepare flexible budgets for 43,500,47,500, and 51,500 hours

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