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Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Hart Company made $3,120$ shelves using $22,120$ pounds of wood costing $$280,924.$ The company's direct materials standards for one shelf are $8$ pounds of wood at $$12\mathrm{.}60$ per pound.

Exercise $21-13($Algo$)$ Computing and analyzing materials variances LO P$3$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

Compute the direct materials price and quantity variances along with the total direct materials variance.

Hart applies management by exception by investigating direct materials variances of more than $5\%$ of actual direct materials costs. Which direct materials variances will Hart investigate further?