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		324
Number of square feet of fiberglass used		5,040
Cost of fiberglass used	$	28,224
Number of labor hours worked		3,180
Direct labor cost	$	49,608
Variable overhead cost	$	14,590
Fixed overhead cost	$	20,300

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.)

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 Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance