Rip Tide Company manufactures surfboards. Its standard cost information follows: StandardStandard Price (Rale) Unit Cost Quantity 15 sq. ft. 10 hrs. S 5 per sq. t. S15 per hr. $75.00 Direct materials (fiberglass) Direct labor 150.00 60.00 80.00 Variable overhead (based on 10 hrs S 6 per hr direct labor hours) Fixed manufacturing overhead (524,000 300 units) 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 overhcad cost Fixed overhead cost 318 4,980 $27,888 3,120 $48,672 $15,390 $21,100 Required 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. (Do not round your Intermedlate calculations. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance 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 Efficiency Varianco Direct Labor Spending Variance