Rip Tide Com panvr manufactures surfboards. Its standard cost information follows: Standard Standard Price Standard Quantity {Rate} Unit Cost Direct materials {fiberglass} 15 sq. ft. $ 5 per sq. ft. $ ?5.33 Direct labor 13 hrs. $15 per hr. 153.33 Variable manufacturing overhead [based on direct labor hours} 13 hrs. $ 3 per hr. 33.33 Fixed manufacturing overhead [$24,333 + 333 units} 33.33 ' Rip Tide has the following actual results for the month ofJune: Number of units produced and sold 312 Number of square feet of fiberglass used 4,323 Cost of fiberglass used $2T,552 Number of labor hours worked 3,333 Direct labor cost $4?,?33 Variable overhead cost $14,?33 Fixed overhead cost $24,333 l 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, efciency, and total spending variances for Rip Tide. 4. Calculate the xed overhead spending {budget} and volume variances for Rip Tide. Number of units produced and sold 312 Number of square feet of fiberglass used 4, 920 Cost of fiberglass used $27, 552 Number of labor hours worked 3, 060 Direct labor cost $47, 736 Variable overhead cost $14, 790 Fixed overhead cost $24, 600 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the direct materials price, quantity, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Number of units produced and sold 312 Number of square feet of fiberglass used 4, 920 Cost of fiberglass used $27, 552 Number of labor hours worked 3, 060 Direct labor cost $47, 736 Variable overhead cost $14, 790 Fixed overhead cost $24, 600 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance Number of units produced and sold 312 Number of square feet of fiberglass used 4,929 Cost of fiberglass used 52?,552 Number of labor hours worked 3,353 Direct labor cost $4?,?35 Variable overhead cost $14,?9E Fixed overhead cost $24,589 ' 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, efciency, and total spending variances for Rip Tide. 4. Calculate the xed overhead spending {budget} and volume variances for Rip Tide. Complete this question by entering 1jreur answers In the tab: below. Required 1 Required 2 Required 3 Required 4 Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable: and "None" for no effect [i.e.l zero variance].} Variable Overhead Rate Variance Variable Overhead Efficiency Variance _ Variable Overhead Spending Variance _ Number of units produced and sold 312 Number of square feet of fiberglass used 4, 920 Cost of fiberglass used $27, 552 Number of labor hours worked 3, 060 Direct labor cost $47, 736 Variable overhead cost $14, 790 Fixed overhead cost $24, 600 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed Overhead Spending Variance Fixed Overhead Volume Variance