Use the following information to answer Questions 16-20 The budgeted and actual costs at Goodyear Company is as follows: Budgeted costs Materials (per tire): 12 lbs @ $1.80/lb Labor (per tire): 4 hrs. @ $14/hr Factory O/H (per tire): 3 hrs. @ $8/hr Actual costs Total materials purchased: 840,000lbs Total cost of purchase: $1,554,000 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 direct materials quantity variance is: $44,400 (F) $25,920 (U) $25,920 (F) $44,400 (U) The budgeted and actual costs at Goodyear Company is as follows: Budgeted costs Materials (per tire): 12 lbs @ $1.80/lb Labor (per tire): 4 hrs. @ $14/hr Factory O/H (per tire): 3 hrs. @ $8/hr Actual costs Total materials purchased: 840,000lbs Total cost of purchase: $1,554,000 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 direct materials price variance is: $42,480 (F) $42,480 (U) $42,000 (U) $42,000 (F) Use the following information to answer Questions 16-20 The budgeted and actual costs at Goodyear Company is as follows: Budgeted costs Materials (per tire): 12 lbs @ $1.80/lb Labor (per tire): 4 hrs. @ $14/hr Factory O/H (per tire): 3 hrs. @ $8/hr Actual costs Total materials purchased: 840,000lbs Total cost of purchase: $1,554,000 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 direct labor rate variance is: $288,000 (U) $288,000 (F) $295,200 (U) $295,200 (F)