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Rip Tide Company manufactures surfboards. Its standard cost information follows:
Standard Quantity Standard Price (Rate) Standard Unit Cost
Direct materials (fiberglass)15 square feet $ 5 per square feet $ 75.00
Direct labor 10 hours $ 15 per hour 150.00
Variable manufacturing overhead (based on direct labor hours)10 hours $ 6 per hour 60.00
Fixed manufacturing overhead ($24,000-: 300 units)80.00
Rip Tide has the following actual results for the month of June:
Number of units produced and sold 330
Number of square feet of fiberglass purchased and used 5,100
Cost of fiberglass used $ 28,560
Number of labor hours worked 3,240
Direct labor cost $ 50,544
Variable overhead cost $ 13,990
Fixed overhead cost $ 25,500
Required:
Calculate the direct materials price, quantity, and total spending variances for Rip Tide.
Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide.
Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide.
Calculate the fixed overhead spending (budget) and volume variances for Rip Tide.

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