Required Information

$[$The following Information applies to the questions displayed below.$]$

Hart Company made $3,200$ shelves using $22,200$ pounds of wood costing $$290,820.$ The company's direct

materlals standards for one shelf are $8$ pounds of wood at $$13\mathrm{.}00$ per pound.

$AQ=$Actual Quantlty

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

Compute the direct materlals price and quantity varlances along with the total direct materlals varlance.

Hart applies management by exception by Investigating direct materlals varlances of more than $5\%$ of actual direct materlals

costs. Which direct materlals varlances will Hart Investigate further?

Complete this question by entering your answers in the tabs below.