Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hart Company made 3,300 shelves using 22,300 pounds of wood costing $303,280. The company's direct materials standards for one shelf are 8 pounds of wood at $13.50 per pound. Exercise 8-14A (Algo) Recording and closing materials variances LO P6 Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory ind record the direct materials variances. Journal entry worksheet Record direct materials price and quantity variances. Note: Enter debits before credits