Question: please do 9-8, questiond 1 and 2 Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Standard (Rate Cust 15 14

 please do 9-8, questiond 1 and 2 Rip Tide Company manufacturesplease do 9-8, questiond 1 and 2
surfboards. Its standard cost information follows: Standard Standard Price Standard (Rate Cust
15 14 35 persen $75.00 10 hrs $15 perhe 150.00 Direct material

Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Standard (Rate Cust 15 14 35 persen $75.00 10 hrs $15 perhe 150.00 Direct material fiberglass Direct labor Variable manufacturing overhead based on direct labor boun) Find manufacturing and 1534.000 300 units) 10 hrs 36 per bal 0.00 N0.00 112 4930 Rip Tide has the following actual results for the month of June Number of produced and Number of are feet of fiberglased Cost of belowed Number of the Dust be cow 512.12 100 1, SHO 600 Required: Calculate the following for Hip Tide 1. Direct material price quantity, and spending variances 2. Direct laboral, ethiciency and spending variances 2. Variable whead nite clic ency, and spending variances 4. Fixed overhead spending ibupet) and volume variances PA9-8 Preparing Journal Entries to Record Direct Materials and Direct Labor Variances LO 9-S2 Refer to the information PA9-7 for Rip Tide, Required: Prepare the journal entries to record the following for Rip Tide 1. Direct material costs and related variance 2. Direct labor and related variances Rip Tide Company manufactures surfboards. Its standard cost information follows: Stand Standard Price Standard in Quantity (Rate) Cost Direct materials (fiberglass) 15 R. $5 per 14. $75.00 Direct labor 10 hrs 315 per hr. 150.00 Variable manufacturing overhead (based on direct labor hours) 10 hrs. $6 per hr 0.00 Fixed manufacturing overhead ($34.000 - 300 units) 30.00 Rip Tide has the following actual results for the month of June Number of units produced and sold 312 Number of square feet of fiberglass used 4.930 Cost of fiberglased 527,552 Number or later worked 3,050 Direct labor cost $42.738 Variable whead cost $14.790 Fixed overhead cost SINO Required: Calculate the following for Rip Tide: 1. Direct materials price, quantity, and spending variances 2. Direct labor rateefficiency, and spending variances 3. Variable overhead rate, eleiency, and spending variances 4. Fixed overhead spending budget and volume variances Rip Tide Company manufactures surfboards. Its standard cont information follows: Standard Pike Standard Link Cout Direct materiale (fiberglum) 15 55 $75.00 Direct labore 10 hrs SIS 150.00 10 hrs $6 perhe 50.00 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (824,000 - 300 units) Rip Tide has the following actual results for the month of June 30.00 Number of units produced and sold 32 Number of square feet of berlased 4930 $27352 3060 542736 $1470 $24.500 Cost of fiberglass used Number of labor hown worked Direct laber cient Variable overhead con Faed overhead cost Required: Calculate the following for Rip Tide: 1. Direct materials price, quantity, and spending variances 2. Direct labor rate, efficiency, and spending variances 3. Variable overhead rate, efficiency, and spending variances 4. Fixed overhead spending (budget) and volume variances PA9-8 Preparing Journal Entries to Record Direct Materials and Direct Labor Variances LO 9-52 Refer to the information in PA9-7 for Rip Tide Required: Prepare the journal entries to record the following for Rip Tide. 1. Direct materials costs and related variances 2. Direct labor and related variances Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Standard Price Standard (Rate Cust 15 14 35 persen $75.00 10 hrs $15 perhe 150.00 Direct material fiberglass Direct labor Variable manufacturing overhead based on direct labor boun) Find manufacturing and 1534.000 300 units) 10 hrs 36 per bal 0.00 N0.00 112 4930 Rip Tide has the following actual results for the month of June Number of produced and Number of are feet of fiberglased Cost of belowed Number of the Dust be cow 512.12 100 1, SHO 600 Required: Calculate the following for Hip Tide 1. Direct material price quantity, and spending variances 2. Direct laboral, ethiciency and spending variances 2. Variable whead nite clic ency, and spending variances 4. Fixed overhead spending ibupet) and volume variances PA9-8 Preparing Journal Entries to Record Direct Materials and Direct Labor Variances LO 9-S2 Refer to the information PA9-7 for Rip Tide, Required: Prepare the journal entries to record the following for Rip Tide 1. Direct material costs and related variance 2. Direct labor and related variances Rip Tide Company manufactures surfboards. Its standard cost information follows: Stand Standard Price Standard in Quantity (Rate) Cost Direct materials (fiberglass) 15 R. $5 per 14. $75.00 Direct labor 10 hrs 315 per hr. 150.00 Variable manufacturing overhead (based on direct labor hours) 10 hrs. $6 per hr 0.00 Fixed manufacturing overhead ($34.000 - 300 units) 30.00 Rip Tide has the following actual results for the month of June Number of units produced and sold 312 Number of square feet of fiberglass used 4.930 Cost of fiberglased 527,552 Number or later worked 3,050 Direct labor cost $42.738 Variable whead cost $14.790 Fixed overhead cost SINO Required: Calculate the following for Rip Tide: 1. Direct materials price, quantity, and spending variances 2. Direct labor rateefficiency, and spending variances 3. Variable overhead rate, eleiency, and spending variances 4. Fixed overhead spending budget and volume variances Rip Tide Company manufactures surfboards. Its standard cont information follows: Standard Pike Standard Link Cout Direct materiale (fiberglum) 15 55 $75.00 Direct labore 10 hrs SIS 150.00 10 hrs $6 perhe 50.00 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (824,000 - 300 units) Rip Tide has the following actual results for the month of June 30.00 Number of units produced and sold 32 Number of square feet of berlased 4930 $27352 3060 542736 $1470 $24.500 Cost of fiberglass used Number of labor hown worked Direct laber cient Variable overhead con Faed overhead cost Required: Calculate the following for Rip Tide: 1. Direct materials price, quantity, and spending variances 2. Direct labor rate, efficiency, and spending variances 3. Variable overhead rate, efficiency, and spending variances 4. Fixed overhead spending (budget) and volume variances PA9-8 Preparing Journal Entries to Record Direct Materials and Direct Labor Variances LO 9-52 Refer to the information in PA9-7 for Rip Tide Required: Prepare the journal entries to record the following for Rip Tide. 1. Direct materials costs and related variances 2. Direct labor and related variances

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