PA9-7 (Algo) Calculating Direct Materials, Direct Labor, Variable Manufacturing Overhead, Fixed Manufacturing Overhead Variances [LO 9-3, 9-4, 9-5, 9-S1] Rip Tide Company manufactures surfboards. Its standard cost information follows: Direct materials (fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($24,000+300 units) Standard. Quantity 15 sq. ft. 10 hrs. Standard Price (Rate) $5 per sq. ft. $15 per hr.. 10 hrs. $ 6 per hr. Rip Tide has the following actual results for the month of June: 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 318 4,980 $27,888 3,120 $48,672 $15,390 $24,900 Standard Unit Cost $ 75.00 150.00 60.00 80.00 Fixed overhead dost 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 www