Required information [The following information applies to the questions displayed bolow. Hart Company made 3,220 shelves using 22,220 pounds of wood costing $293,304, The company/s direct materials standards for one shelf are 8 pounds of wood at $13,10 per pound. AQ= Actual Quantity SQ= Standard Quantity AP = Actual Price SP=StandardPrice. 1. Compute the direct materials price and quantity variances along with the total direct materials variance. 2. Hart applies management by exception by imvestigating 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 selecting tavorable, unfavorable, or no variance.) 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 selecting favorable, unfavorable, or no vanance.) AQ= Actual Quantity SQ=Standard Quantity AP=Actual Price SP= Standard Price 1. Compute the direct materials price and quantity variances along with the total direct materials 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. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materlals variances will Hart investigate further