Rip Tide Company 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. $ 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 320 Number of square feet of fiberglass used 5,000 Cost of fiberglass used $27, 500 Number of labor hours worked 3, 140 Direct labor cost $49, 298 Variable overhead cost $15, 590 Fixed overhead cost $25, 000 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