Sweeney Enterprises manufactures tires for the Formula I motor racing circuit. For August 2020, it budgeted to manufacture and sell 2,900 tires at a variable cost of $77 per tire and total fixed costs of $55,000. The budgeted selling price was $110 per tire. Actual results in August 2020 were 2,600 tires manufactured and sold at a selling price of $111 per tire. The actual total variable costs were $221,000, and the actual total fixed costs were $51,500. Read the requirements.