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[The following information applies to the questions displayed below.] Hart Company made 3,600 bookshelves using 32,000 board feet of wood costing $332,800. The company's direct materials standards for one bookshelf are 10 board feet of wood at $10.30 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