Chap 21 Homework Help Required information The following information applies to the questions displayed below) Hart Company made 3.220 bookshelves using 22.220 board feet of wood costing $293,304. The company's direct materials standards for one bookshelf are 8 board feet of wood at $13.10 per board foot. 20 Dots Spoed AQ - Actual Quantity SQ - Standard Quantity AP - Actual Price SP = Standard Price Book Print (1) Compute the direct materials price and quantity variances and classify each as fovorable or unfavorable (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? References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Actual Cost Standard Cost Chap 21 Homework Help Required information SP = Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable (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? points Spoed Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) References Actual Cost Standard Cost Reg 2