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Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost $75.00 Direct materials (fiberglass) Direct labor 15 sq. ft. 10 hrs. $5 per sq. ft. $15 per hr. 150.00 Variable manufacturing overhead 10 hrs. $6 per hr. 60.00 (based on direct labor hours) Fixed manufacturing overhead ($24,000 300 units) 80.00 Rip Tide has the following actual results for the month of June: Number of units produced and sold Number of square fe 313 fiberglass used Cost of fiberglass used 4,930 $28,101 Number of labor hours worked 3,070 Direct labor cost $47,585 Variable overhead cost Fixed overhead cost $14,890 $24,650 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. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Required 1 Required 2 >