Required information [The following information applies to the questions displayed below.) Hart Company made 5,000 bookshelves using 32,000 board feet of wood costing $384,000. The company's direct materials standards for one bookshelf are 7 board feet of wood at $11.90 per board foot. (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost 0 S 0 $ 0 $ 0 $ 0