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		326
Number of square feet of fiberglass used		5,060
Cost of fiberglass used	$	27,830
Number of labor hours worked		3,200
Direct labor cost	$	50,240
Variable overhead cost	$	14,390
Fixed overhead cost	$	25,300

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.