Rip Tide Company manufactures surfboards. Its standard cost information follows 15.1 sq. ft$5.6 per sq.ft 9.9 hrs $ 84.56 $ 13 per hr $ 8 per hr. Direct labor overhead (based on 9.9 hrs overhead ($24,000 128.70 79.20 90.57 direct labor hours) Rip Tide has the following actual results for the month of June: 170 5,400 $34,020 1,613 $21,937 $12.420 $25,500 of square feet of fiberglass used Cost of fiberglass used Direct labor cost d cost 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.) 0