Required information [The following information opplies to the questions displayed 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=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPice 1. Compute the direct materials price and quantity variances along with the total direct materials variance. 2. Hart applies manogement by exception by investgoting direct materials variances of more than 58 of actual direct materials costs Which direct materials variances will Hart investgate further? Complete this question by entering vour answers in the tabs below. Compute the direct materials price and quantity variances along with the total direct materials variance. (indicato the effect of each variance by selecting favorable, unfavorable, or no variance.) Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity varlances along with the total direct materials variance. (Indicate the effect of each variance by selecting 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 materials costs. Which direct materials variances will Hart investigate further