please answer both required parts to help receive full credit on the practice problems. 1.

2.

Required informetion Use the following information for the Exercises below. (Algo) [The following information opplies to the guestions displayed below] Har Compony mode 3,380 shelves using 22,380 pounds of wood costing $313,320. The company/s direct moterlals standards for one shelf are 8 pounds of wood at $13.90 per pound. Exercise 8-13 (Algo) Computing and analyzing materials variances LO P3 AQ= Actual Quontity SQ= Standard Quantity AP= Actual Price SP = Stonderd Price 1. Compute the direct materials price and quantity variances along with the total direct materials vationce. 2. Hort appiles manogement by exception by investigating direct materials variances of more than 5% of actuol direct materiais. costs. Which direct materials variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances alono with the total direct materials variance. Notes Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance. Required information Use the following information for the Exercises below. (Algo) The following infomation applies to the questions displayed below. Hart Company made 3,380 shelves using 22,380 pounds of wood costing $33,320 The company's direct materials standards for one shelf are 8 pounds of wood ot $13,90 per pound Exercise 8-13 (Algo) Computing and analyzing materials variances LO P3 AQ=Actual Quantity SQ= Stondord Quantity AP - Actual Price Sp A Stondord Price 1. Compute the direct materials price and quantity vatiances along with the total direct moterials variance 2. Hat opplies management by exception by investigating direct mareriols variances of more than 5% of actual direct materlais costs. Which direct materials vorionces will Hort investigate farther? Complete this question by entering your answers in the tabs below. Hart applies management by exception by investigating direct materials variances of inore than 5%. Af actual direct materials costs. Which direct materials variances will Hart investigate further? Which direct materials variances will Hart investigate further