Hart Company made 4,800 bookshelves using 26,000 board feet of wood costing $306,800. The company's direct materials standards for one bookshelf are 6 board feet of wood at $11.70 per board foot. Exercise 8-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves AQ-Actual Quantity SO Standard Quantity AP- Actual Price SP= Standard Price Actual Cost Standard Cost S