Howard cooper, the president of finch computer services, needs your . 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 service rate per hour $ 87.00 labor cost 37.00 overhead cost 7.10 selling, general, and administrative cost 3.60 expected fixed costs facility maintenance $ 520,000 selling, general, and administrative 150,000 required: prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 30,000 hours of services in 2019. 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 $82 per hour, the firm can achieve 38,000 hours of services. prepare a flexible budget using the consultant’s assumption. the same consultant also suggests that if the firm raises its rate to $92 per hour, the number of service hours will decline to 27,000. prepare a flexible budget using the new assumption.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?