2 Rip Tide Company manufactures surfboards. Its standard cost information follows: 10 points Standard Quantity Standard Price (Rate) Skipped Direct materials (fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) 19 square feet $ 5.2 per square feet 8.3 hours 8.3 hours $ 15 per hour $ 4 per hour eBook. Fixed manufacturing overhead ($22,000 + 300 units) References Rip Tide has the following actual results for the month of June: Number of units produced and sold Number of square feet of fiberglass purchased and used Cost of fiberglass used Number of labor hours worked Direct labor cost Variable overhead cost 190 4,700 $ 26,790 1,497 $ 23,503 $ 5,539 Fixed overhead cost Required: $ 23,500 Standard Unit Cost $ 98.80 124.50 33.20 73.33 1 & 2. Prepare the journal entries to record the direct materials, direct labor costs and related variances for Rip Tide. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations and round your final answers to nearest dollar amount.