Required information [The following information applies to the questions disployed below] Hart Company made 3,000 shelves using 22,000 pounds of wood costing $266,200. The company's direct materials: standards for one shelf are 8 pounds of wood at $12 per pound. 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. 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. Compute the direct materials price and quantity variances along with the total direct materials variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Required information The following information applies to the questians displayed below] Hart Company made 3,000 shelves using 22,000 pounds of wood costing $266,200. The company's direct materlals standards for one shelf are 8 pounds of wood at $12 per pound. AO=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 1. Compute the direct materials price and quantity variances olong with the total direct materials variance. 2. Hart apptles management by exception by imvestigating direct materials variances of more thon 5% of actual direct materials costs. Which difect moterials 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 materials variances will Hart investigate further? Which direct masorials variances will Hart invostigste furthen