Required information The following information applies to the questions displayed below) Hart Company made 3,160 shelves using 22,160 pounds of wood costing $285,864. The company's direct materials standards for one shelf are 8 pounds of wood at $12.80 per pound. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 1. Compute the direct materials price and quantity variances along with the total direct materiais variance. 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? Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances along with the total direct materials variance. (Indicate the effect-of each variance by salecting favorable, unfavorable, or no variance.) Complete this question by entering your answers in the tabs below. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materiais costs. Which direct materials variances will Hart investigate further