Part 1:

Part 2: Which direct materials variances will Hart investigate further?

A. Direct labor efficiency variance

B. Direct labor rate variance

C. Direct materials price variance

D. Direct Materials quantity variance

E. Total direct materials variance

F. Total variable overhead cost variance

G. Variable overhead efficiency variance

H. Variable overhead spending variance

I. Volume variance

5 ! Part 1 of 2 Required information (The following information applies to the questions displayed below.) 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. 3 points AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price eBook Hint (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? Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Actual Cost Standard Cost