Hart Company made 3,140 shelves using 22,140 pounds of wood costing $283,392. The company's direct materials standards for one shelf are 8 pounds of wood at $12.70 per pound.

AQ = Actual Quantity

SQ = Standard Quantity

AP = Actual Price

SP = 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. Compute the direct materials price and quantity variances along with the total direct materials variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Complete this question by entering your answers in the tabs below. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materia costs. Which direct materials variances will Hart investigate further? Which direct materials variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances along with the total direct materials variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Complete this question by entering your answers in the tabs below. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materia costs. Which direct materials variances will Hart investigate further? Which direct materials variances will Hart investigate further