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Jeff's planning budget for October was based on the following assumptions: 1. 25,000 gallons of gas sold 2. Price per gallon sold, $4 3.
Jeff's planning budget for October was based on the following assumptions: 1. 25,000 gallons of gas sold 2. Price per gallon sold, $4 3. Variable fuel cost per gallon sold, $2 4. Variable labor cost per gallon sold, $0.40 5. Fixed administrative costs, $20,000 The actual number of gallons sold during October was 20,000. 1. What would the planning budget have looked like if Jeff had assumed 20,000 gallons sold?
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