Rip Tide Company manufactures surfboards. Its standard cost information follows:

	Standard Quantity		Standard Price (Rate)			Standard Unit Cost
Direct materials (fiberglass)	15	sq. ft.	$	5	per sq. ft.	$	75.00
Direct labor	10	hrs.	$	15	per hr.		150.00
Variable manufacturing overhead (based on direct labor hours)	10	hrs.	$	6	per hr.		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		331
Number of square feet of fiberglass used		5,110
Cost of fiberglass used	$	29,127
Number of labor hours worked		3,250
Direct labor cost	$	50,375
Variable overhead cost	$	13,890
Fixed overhead cost	$	19,600

Required: 1. 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.) Direct Materials Price Vaniance Direct Materials Quantity Vanance Direct Materials Spending Variance 2. 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.) Direct Labor Rate Variance Direct Labor Elliciency Variance Direct Labor Spending Variance