Hart Company made 3,320 shelves using 22,320 pounds of wood costing $305,784. The company's direct materials standards for one sheif are 8 pounds of wood at $13,60 per pound. 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. 1. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materlals 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. (Indicate the effect of each variance by selecting favorable, unfavorable, or no varlance.) AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 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 cost Which difect materials variances will Hart investigate further? 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 materiais costs. Which direct materials varlances will Hart investigate further