Required information [The following information applies to the questions displayed below] Hart Company made 4,600 bookshelves using 31,000 board feet of wood costing $359,600. The company's direct materials standards for one bookshelf are 7 board feet of wood at $11.50 per board foot AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. Standard Cost ) Prepare the journal entry that both charges the direct materials costs to the Work in Process Inventory account and records the naterials variances in their proper accounts 2) Assume that Hart's materials variances are the only variances accumulated in the accounting period and that they are immaterial. repare 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 that both charges the direct materials costs to the Work in Process Inventory account and records the materials variances in their proper accounts. View transaction list Journal entry worksheet Record price and quantity variances. Note: Enter debits before credits. Debit Credit Transaction General Journal Record entry Clear entry View general journal 0 Required information (1) Prepare the journal entry that both charges the direct materials costs to the Work in Process Inventory account and records the materials variances in their proper accounts. (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 Require 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. View transaction list Journal entry worksheet Record closing of price and quantity variances to cost of goods sold. Note: Enter debits before credits. General Journal ansact Debit Record entry Clear entry View general journal