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

Standard Quantity Standard Price $($Rate$)$ Standard Unit Cost

Direct materials $($fiberglass$)11\mathrm{.}7$ square feet $ $4\mathrm{.}2$ per square feet $ $49\mathrm{.}14$

Direct labor $8\mathrm{.}5$ hours $ $15$ per hour $127\mathrm{.}50$

Variable manufacturing overhead $($based on direct labor hours$)8\mathrm{.}5$ hours $ $6$ per hour $51\mathrm{.}00$

Fixed manufacturing overhead $($$$28,000-$: $275$ units$)101\mathrm{.}82$

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

Number of units produced and sold $190$

Number of square feet of fiberglass purchased and used $5,000$

Cost of fiberglass used $ $24,000$

Number of labor hours worked $1,535$

Direct labor cost $ $24,100$

Variable overhead cost $ $8,596$

Fixed overhead cost $ $28,500$

Required:

$1$ & $2.$ Prepare the journal entries to record the direct materials, direct labor costs and related variances for Rip Tide.

Note: 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. $1-$ Record the entry for direct materials costs and variances. $2-$ Record the entry for direct labor costs and variance.