The actual information pertains to the month of January. As a part of the budgeting process, Gina Door Knobs Company developed the following static budget for January. Gina Door Knobs is in the process
of preparing the flexible budget and understanding the results.
Actual
Results
Flexible
Budget
Static Budget
Sales volume (in units)
22,000
23,500
Sales revenues
900,000
?
1.292,500
Variable costs
360,000
?
470.000
Contribution margin
540,000
?
686,090
Fixed costs
275,300
?
269,500
Operating profit
264,700
?
416,590
The flexible budget will report
for operating profits

Gas mileage actually varies slightly with the driving speed of a car (as well as with highway vs. city driving). suppose your car averages 33 miles per gallon on the highway if your average speed is 54 miles per hour, and it averages 22 miles per gallon on the highway if your average speed is 75 miles per hour. answer parts (a) and (b) below. a. what is the driving time for a 2000-mile trip if you drive at an average speed of 54 miles per hour? what is the driving time at 75 miles per hour? the driving time at 54 miles per hour is nothing hours. (type an integer or decimal rounded to two decimal places as needed.) the driving time is at 75 miles per hour is nothing hours. (round to two decimal places as needed.) b. assume a gasoline price of $3.33 per gallon. what is the gasoline cost for a 2000-mile trip if you drive at an average speed of 54 miles per hour? what is the gasoline cost at 75 miles per hour? the gasoline cost at 54 miles per hour is $ nothing. (round to two decimal places as needed.) the gasoline cost at 75 miles per hour is $ nothing. (round to two decimal places as needed.)