Rip Tide Company manufactures surfboards. Its standard cost information follows:

	Standard Quantity		Standard Price (Rate)			Standard Unit Cost
Direct materials (fiberglass)	19.9	sq. ft.	$	5.5	per sq. ft.	$	109.45
Direct labor	10.6	hrs.	$	12	per hr.		127.20
Variable manufacturing overhead (based on direct labor hours)	10.6	hrs.	$	5	per hr.		53.00
Fixed manufacturing overhead ($28,000 300 units)							93.33

Rip Tide has the following actual results for the month of June:

Number of units produced and sold		150
Number of square feet of fiberglass used		5,400
Cost of fiberglass used	$	33,480
Number of labor hours worked		1,520
Direct labor cost	$	19,304
Variable overhead cost	$	7,144
Fixed overhead cost	$	27,500

Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor costs and related variances for Rip Tide. Assume the company purchases raw materials as needed and does not maintain any ending inventories. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations and round your final answers to nearest dollar amount.)