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

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

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.

Journal entry worksheet

A B

Record the entry for direct materials costs and variances.