work 9 Saved Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Quantity (Rate) 13.1 sq. ft. $4.4 per sq. ft. 9.9 hrs. $ 13 per hr. 9.9 hrs. $ 5 per hr. Direct materials (fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($ 27,000 + 325 units) Standard Unit Cost $ 57.64 128.70 49.50 ped 83.08 ok Rip Tide has the following actual results for the month of June: nces Number of units produced and sold Number of square feet of fiberglass used Cost of fiberglass used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 160 5,200 $26,520 1,514 $20,590 $ 6,662 $22,500 Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor costs and related varian company purchases raw materials as needed and does not maintain any ending inventories. (If no e transaction/event, select "No Journal Entry Required" in the first account field. Do not round inte your final answers to nearest dollar amount.) View transaction list Journal entry worksheet MacBook Air con your final answers to nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the entry for direct materials costs and variances. es Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal your final answers to nearest dollar amount.) View transaction list Journal entry worksheet ipped work 9 Saved Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Quantity (Rate) 13.1 sq. ft. $4.4 per sq. ft. 9.9 hrs. $ 13 per hr. 9.9 hrs. $ 5 per hr. Direct materials (fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($ 27,000 + 325 units) Standard Unit Cost $ 57.64 128.70 49.50 ped 83.08 ok Rip Tide has the following actual results for the month of June: nces Number of units produced and sold Number of square feet of fiberglass used Cost of fiberglass used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 160 5,200 $26,520 1,514 $20,590 $ 6,662 $22,500 Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor costs and related varian company purchases raw materials as needed and does not maintain any ending inventories. (If no e transaction/event, select "No Journal Entry Required" in the first account field. Do not round inte your final answers to nearest dollar amount.) View transaction list Journal entry worksheet MacBook Air con your final answers to nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the entry for direct materials costs and variances. es Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal your final answers to nearest dollar amount.) View transaction list Journal entry worksheet ipped
