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Can someone help please? Thank you in advance . Required information [The following information applies to the questions displayed below] Hart Company made 3,220 shelves
Can someone help please? Thank you in advance .
Required information [The following information applies to the questions displayed below] Hart Company made 3,220 shelves using 22,220 pounds of wood costing $293,304. The company's direct material5 standards for one shelf are 8 pounds of wood at $13.10 per pound AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 1. Compute the direct materials price and quantity variances along with the total direct matetials 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? Compute the direct materials price and quantity variances along with the total direct materials variance. (Indicate the effect of each variance b favorable, unfavorable, or no variance.) Step by Step Solution
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