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The budgeted and actual costs at Goodyear Company is as follows: Budgeted costs Actual costs Materials...

The budgeted and actual costs at Goodyear Company is as follows:

Budgeted costs

Actual costs

Materials (per tire): 12 lbs @ $1.80/lb

Total materials purchased: 840,000lbs

Labor (per tire): 4 hrs. @ $14/hr

Total cost of purchase: $1,554,000

Factory O/H (per tire): 3 hrs. @ $8/hr

Total material used: 849,600 lbs

Labor (per tire): 4.1 hrs @ $13/hr

Factory O/H (per tire): 2.8 hrs @ $8.50/hr

During October, Goodyear produced 72,000 tires.


The budgeted cost and actual cost, respectively, of producing one tire is (to the nearest $)

Options:

$102 and $95

$102 and $99

$78 and $98

$102 and $98
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