Use the following information to answer questions 18 - 21

The budgeted and actual costs at Goodyear Company (a tire manufacturer) are 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.

Determine the budgeted & actual cost, respectively, of producing one tire? (round to the nearest $)

Question 18 options:

a)	$102 and $99

b)	$78 and $98

c)	$102 and $98

d)	$102 and $95