Required informotion The following information opplies to the questions displayed below] Hart Company made 3,280 shelves using 22,280 pounds of wood costing $300,780. The company's direct materials standards for one shelf are 8 pounds of wood at $13.40 per pound. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 1. Compute the direct moterials price and quantity variances along with the tofal direct materials variance 2. Hart applies managernent by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantily variances along with the total direct materials variance. (Indicate the effect of esch variance by selecting favorable, vifavorable, or no Variance.) Required informotion The following information applies to the questions displayed below] Hart Company made 3,280 shelves using 22,280 pounds of wood costing $300,780. The company's direct materials standards for one shelf are 8 pounds of wood at $13.40 per pound. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 1. Compute the direct materials price and quantity variances along with the totai direct materlais variance: 2. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materiais costs Which direct materials variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Hart applies managnment by exception by imestigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials variances will Hart investigate further