Direct materials (fiberglass) Direct lobor Variable manufacturing overhead (based on direct labor hours) Tixed manufacturing overhead ($26,000 - 270 unit) Standard Standard Pro Quantity Rate) 16.4 sq. ft. $ 6 per sq. ft. 10.8 hrs. $13 per hr. 10.8 hrs. $5 per hr. Standard Unit Cost $ 98.40 140.40 54.00 96.30 Rip Tide has the following actual results for the month of June: Number of units produced and sold Number of square feet of tiberglass used Coat of fiberglass used Number of labor hours worked Direct labor cost Variable overhead cost Tixed overhead cont 180 4,400 $28,600 1,064 $25,350 $3.574 $22,500 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 raw 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 your final answers to nearest dollar amount.) View transaction et Nearest dollar amount.) *** View translation tilst Journal entry worksheet