Required information Use the following Information for the Exercises below. [The following Information applies to the questions displayed below.) Hart Company made 4.500 bookshelves using 21,000 board feet of wood costing $241,500. The company's direct materials standards for one bookshelf are 5 board feet of wood at $11.40 per board foot. Exercise 23-13 Computation and interpretation of materials variances LO P2 AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. Actual Cost Standard Cost 01