Check my work 4 4 Rip Tide Company manufactures surfboards. Its standard cost information follows: 1.25 points Standard Standard price Standard Quantity (Rate) Unit Cost 11.5 sq. ft. $5.9 per sq. ft. $ 67.85 9.4 hrs. $ 12 per hr. 112.80 Direct materials (fiberglass) Direct labor Variable itanufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($30,00 + 255 units) 9.4 hrs. $ 5 per hr. 47.00 117.65 eBook Rip Tide has the following actual results for the month of June: Print References 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 200 4,400 $28,600 1,820 $23, 114 $ 8,554 $20,500 Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor costs and related variances for Rip Tide. Assume the company purchases direct materials as needed and does not maintain any ending inventories. (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