Hart Company made 3,240 bookshelves using 22,240 board feet of wood costing $295,792. The company's direct materials standards for one bookshelf are 8 board feet of wood at $13.20 per board foot.

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price 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?

Actual Cost Standard Cost 0 $ 0 $ 0 S 0 S 0 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