Ex 23-13 Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200 The company's direct materials standards for one bookshelf are 8 board feet of wood at $12 per board foot 1. Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Qt Cost per Element Direct Materials Measure Feet Total Cost $96 er $12.00 Green highlights you must input Direct materials price variance Usage Unit Cost Total Cost Direct materials price variance (fav Direct materials quanitv variance Direct materials quanitv variance (fav 2. Interpret the direct materials variances. Hint compute Total variance and explain what might have happen Compute Total variance first Direct materials price variance (fav Direct materials quanitv variance (fav Total Variance (fav