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Use the following information for the Exercises below. $($Algo$)$

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Hart Company made $3,200$ shelves using $22,200$ pounds of wood costing $$290,820.$ The company's direct materials

standards for one shelf are $8$ pounds of wood at $$13\mathrm{.}00$ per pound.

Exercise $21-13($Algo$)$ Computing and analyzing materials variances LO P$3$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

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

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?

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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 variance.$)$