1. Rip Tide Company manufactures surfboards. Its standard cost information follows:2. For each of the following independent cases, fill in the missing amounts:Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places. Round your other final answers to the nearest whole numbers.

Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard For each of the following independent cases, fill in the missing amounts: Unit Standard Quantity Standard Price (Rate) Cost Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero Direct materials (fiberglass) Direct labor 15 square feet $ 5 per square feet $ 75.00 variance). Round your per unit rates to 2 decimal places. Round your other final answers to the nearest whole numbers. 10 hours $ 15 per hour 150.00 Variable manufacturing overhead (based on direct labor hours) 10 hours $ 6 per hour 60.06 Casey Company Kevin, Fixed manufacturing overhead ($24,000 : 300 units) Incorporated Jess Company Valerie, Incorporated 80.00 Units produced 1,800 110 1.000 Rip Tide has the following actual results for the month of June: Standard hours per unit 2.70 0,90 Standard hours 810 253 Number of units produced and sold 327 Standard rate per hour $ 12.20 Number of square feet of fiberglass purchased and used 10.00 $ 5,070 10.00 Cost of fiberglass used Actual hours worked $ 28, 392 4,200 945 4,800 Number of labor hours worked 3, 210 Actual labor cost Direct labor cost $ 1,200 $ 25,000 $ 50,076 Variable overhead cost $ 14, 290 Direct labor rate variance $ 1,600 F $ 800 F $ 100 U Fixed overhead cost $ 25, 350 Direct labor efficiency variance $ 1,836 U $ 7,000 U Required: 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the direct materials price, quantity, and total spending variances for Rip Tide. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Show less Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance