7 Required information Part 1 of 2 [The following information applies to the questions displayed below.] oints : Submit Check my work Hart Company made 3,220 shelves using 22,220 pounds of wood costing $293,304. The company's direct materials standards for one shelf are 8 pounds of wood at $13.10 per pound. AQ Actual Quantity eBook SQ Hint Print References AP SP Standard Quantity Actual Price Standard Price 1. Compute the direct materials price and quantity variances along with the total direct materials variance. 2. 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? Complete this question by entering your answers in the tabs below. Mc raw < Prev 7 8 of 17 Next > Required information Required 1 Required 2 t1 of 2 mts eBook Hint Print ferences Compute the direct materials price and quantity variances along with the total direct materials variance. (Indicate the effect of favorable, unfavorable, or no variance.) Actual Cost Standard Cost Required 1 Required 2 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? Which direct materials variances will Hart investigate further? < Required 1 Required 2