Hart Company made 4,100 bookshelves using 23,000 board feet of wood costing $255,300. The company's direct materials standards for one bookshelf are 6 board feet of wood at $11.00 per board foot.

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

(1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves.

Actual Cost								Standard Cost