5 Rip Tide Company manufactures surfboards. Its standard cost information follows Direct naterials (fiberglass) Standard Quantity 15 sq. ft. 10 hrs. Standard Price (Ratel $5 per sq. ft. $15 per hr. Standard Unit Cost $75.00 150.00 Direct taber Variable manufacturing overhead 10 hrs. $6 per hr. 60.00 Ibased on direct labor hours) Fixed sanufacturing overhead ($24,000 300 units) 00.00 Rip Tide has the following actual results for the month of June Number of onits produced and sold 314 4,940 Number of square feet of fiberglass used Cost of fiberglass used 127,178 Number of labor hours worked 3,000 Direct labor cost Variable overhead cast, 140,356 $14,900 124,700 Fixed overhead cost Required: 1. Calculate the direct materials price, quantity, and total spending variances folep 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 timunhard catalomcsintal spending vacances for Rip Tide. (Do not round your intermediate Ass 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 variable overhead rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermedisin calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance pike, quantly, 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 Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. (Do not round your sELECTA calculations. Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "Nome" (le, zero variance).) Fland Overhead Spending Variance Fixed Overhead Volume Variance Required 3 5 Rip Tide Company manufactures surfboards. Its standard cost information follows Direct naterials (fiberglass) Standard Quantity 15 sq. ft. 10 hrs. Standard Price (Ratel $5 per sq. ft. $15 per hr. Standard Unit Cost $75.00 150.00 Direct taber Variable manufacturing overhead 10 hrs. $6 per hr. 60.00 Ibased on direct labor hours) Fixed sanufacturing overhead ($24,000 300 units) 00.00 Rip Tide has the following actual results for the month of June Number of onits produced and sold 314 4,940 Number of square feet of fiberglass used Cost of fiberglass used 127,178 Number of labor hours worked 3,000 Direct labor cost Variable overhead cast, 140,356 $14,900 124,700 Fixed overhead cost Required: 1. Calculate the direct materials price, quantity, and total spending variances folep 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 timunhard catalomcsintal spending vacances for Rip Tide. (Do not round your intermediate Ass 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 variable overhead rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermedisin calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance pike, quantly, 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 Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. (Do not round your sELECTA calculations. Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "Nome" (le, zero variance).) Fland Overhead Spending Variance Fixed Overhead Volume Variance Required 3