Required Information

$[$The forlowing information appities to the questions dispiayed beiow.$]$

Hart Company made $3,240$ shelves using $22,240$ pounds of wood costing $$295,792.$ The company's drect materials

standards for one shelf are $8$ pounds of wood at $$13\mathrm{.}20$ per pound.

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

AP $=$ Actual Price

SP $=$ Standard PTice

Compute the direct materials price and quantity variances along with the total direct materials variance.

Hart apples management by exception by Irwestigating direct materials variances of more than $5\%$ of actual direct materials

costs. Which direct materials variances will Hart investigate further?

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Required $1$

Raquired $2$

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, unfavarable, or no variance.