Budgeted Cost	Actual Costs
Materials (per tire): 12 lbs at $1.80/lb	Total Materials purchased: 840,000 lbs
Labor (per tire): 4 hrs at $14/hr	Total Cost of purchase: $1,554,000
Factory O/H (per tire): 3 hrs at $8/hr	Total Material Used: 849,600 lbs
	Labor (per tire): 4.1 hrs at $13/hr
	Factory O/H (per tire): 2.8 hrs at $8.50/hr

The budgeted and actual costs at Goodyear Company is as above.

During the month of October, Goodyear produced 72,000 tires.

Please determine the following (A-E) based on the information given.

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

B) The Direct Labor Efficiency Variance

C) The Direct Materials Quantity Variance

D) The Direct Materials Price Variance

E) The Labor Rate Variance