Required informotion The following information applies to the questions displayed beiow] Hart Company made 3,240 shelves using 22,240 pounds of wood costing $295.792 The companys direct materials standards for one shelf are 8 pounds of wood at $13.20 per pound. AQ= Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price 1. Compute the direct materials price and quantity variances along with the total direct materials variance. 2. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materlals costs. Which direct materials variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Compute the direct materiais price and quantity variances along with the total direct materials variance. Note: 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? Which direct materials variances will Hart investigate further