Required information The following information applies to the questions displayed below) Hart Company made 3,080 bookshelves using 22.080 board feet of wood costing $276,000. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12.40 per board foot Hart Company uses a standard costing system (1) Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the materials variances. (2) Assume that Hart's materials variances are the only variances accumulated in the accounting period and that they are immaterial Prepare the adjusting journal entry to close the variance accounts at period-end. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the materials variances. View transaction list Journal entry worksheet Record price and quantity variances. Notes Enter debitis before credits Transaction Credit Debit 2.2087 General Journal Direct materials price variance Work in process inventory Direct materials quantity variance Raw materials inventory 31,744 31,744 Record entry Clear enty View general journal Hart Company uses a standard costing system (1) Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the ma (2) Assume that Hart's materials variances are the only variances accumulated in the accounting period and Prepare the adjusting journal entry to close the variance accounts at period end. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that Hart's Required 2 med 2 ariances are the only variances accumulated in the accounting period and that the Prepare the adjusti ntry to dose the variance accounts at period-end. View transaction list Journal entry worksheet