Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost $ 75.00 Direct materials (fiberglass) Direct labor 15 sq. ft. 10 hrs. $5 per sq. ft. $15 per hr. 150.00 10 hrs. $ 6 per hr. 60.00 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($24,000 300 units) 80.00 Rip Tide has the following actual results for the month of June: Number of units produced and sold 323 Number of square feet of fiberglass used 5,030 Cost of fiberglass used $27,665 Number of labor hours worked 3,170 Direct labor cost $49,769 Variable overhead cost $14,690 Fixed overhead cost $25,150 Required 1 Required 2 Required 3 Required 4 Calculate the direct materials price, quantity, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Required 1 Required 2 Required 3 Required 4 Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance Required 1 Required 2 Required 3 Required 4 Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermed calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no e (i.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance Required 1 Required 2 Required 3 Required 4 Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed Overhead Spending Variance Fixed Overhead Volume Variance