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P Find cheap rental car deals | Pri X Question 5 - Chapter 8 Homew X Tempo Company's fixed budge x C Please Assist Me With This | Ch x * Course Hero X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252... Chapter 8 Homework Saved Help Save & Exit Submit Check my work 5 [The following information applies to the questions displayed below.] Hart Company made 3,380 bookshelves using 22,380 board feet of wood costing $313.320. The company's direct materials standards for one bookshelf are 8 board feet of wood at $13.90 per board foot. Part 1 of 2 AQ = Actual Quantity 3 SQ = Standard Quantity points AP = Actual Price Standard 01:58:55 (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? Book Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print 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 AO X AP AQ SF AQ SF X 0 0 S Direct materials price variance S Unfavorable Direct materials quantity variance S Favorable Total direct materials variance Favorable Required 1 Required 2 > Mc graw Type here to search 99 + a W 9:00 PM O 3 03/29/2021