ark 9 Saved Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Quantity (Rate) 13.1 sq. ft. $4.4 per sq. ft. 9.9 hrs. $ 13 per hr. 9.9 hrs. $ 5 per hr. Standard Unit Cost $ 57.64 128.70 Direct materials (fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($27,000 325 units) 49.50 83.08 Rip Tide has the following actual results for the month of June: es Number of units produced and sold Number of square feet of fiberglass used Cost of fiberglass used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 160 5,200 $ 26,520 1,514 $20,590 $ 6,662 $22,500 Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor costs and related variances for Rip Tid company purchases raw materials as needed and does not maintain any ending inventories. (If no entry is require transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calc your final answers to nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > View transaction list Journal entry worksheet 1 2 Record the entry for direct materials costs and variances. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal C Prav 2 of 10 Alaut cumpally pulliidses law niateriais as neeue diu uves not all any enumy mivemories. In transaction/event, select "No Journal Entry Required" in the first account field. Do not round inte your final answers to nearest dollar amount.) View transaction list Journal entry worksheet