Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Standard wit (Rate Cust 15 14 35 persen $75.00 10 hrs $15 perhe 150.00 Direct material fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fed manufacturing ved 1534000 300 unit) 10 hrs 36 preth 0.00 NO.00 Rip Tide has the following actual results for the month of June 112 Number of units produced and will Number of wyware feet of fiberglan wed 49 527.551 Number of the SHTO 1600 Required: Calculate the following for Rip Tide 1. Direct material price quantity, and spending variances 2. Direct laboral, ethiciency and spending vanances 3. Variable serhead rate cliency and spending varunces 4. Fixed verhead spending body and volume variances PA9-8 Preparing Journal Entries to Record Direct Materials and Direct Labor Variances LO 9-52 Refer to the information in PA9-7 for Riptide Required: Prepare the journal en la record the following for Rip Tide 1. Direct material costs and related variance 2. Direct labor and related variances Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Standard wit (Rate Cust 15 14 35 persen $75.00 10 hrs $15 perhe 150.00 Direct material fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fed manufacturing ved 1534000 300 unit) 10 hrs 36 preth 0.00 NO.00 Rip Tide has the following actual results for the month of June 112 Number of units produced and will Number of wyware feet of fiberglan wed 49 527.551 Number of the SHTO 1600 Required: Calculate the following for Rip Tide 1. Direct material price quantity, and spending variances 2. Direct laboral, ethiciency and spending vanances 3. Variable serhead rate cliency and spending varunces 4. Fixed verhead spending body and volume variances PA9-8 Preparing Journal Entries to Record Direct Materials and Direct Labor Variances LO 9-52 Refer to the information in PA9-7 for Riptide Required: Prepare the journal en la record the following for Rip Tide 1. Direct material costs and related variance 2. Direct labor and related variances