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Rip Tide Company manufactures surfboards. Its standard cost information follows:

Standard Standard Unit Cost $ 75.00 150.00 Standard Price (Rate) Quantity 15 sq. ft. 10 hrs Direct materials (fiberglass) Direct labor 5 per sq. ft. $15 per hr direct labor housg overhead (based on Fixed manufacturing overhead (S24,000 300 units) $ 6 per hr 10 hrs 60.00 80.0 Rip Tide has the following actual results for the month of June: 312 Number of units produced and sold Number of square feet of fiberglass used Cost of fiberglass used Number of labor hours worked Direct labor cost 4,920 $27,552 3,060 $47,736 d cost Fixed overhead cost $20 000 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance

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