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

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Question

Accounting

Rip Tide Company manufactures surfboards. Its standard cost information follows:
Rip Tide has the following actual results for the month of June:
Required:
Calculate the direct materials price, quantity, and total spending variances for Rip Tide.
Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide.
Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide.
Calculate the fixed overhead spending (budget) and volume variances for Rip Tide.
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