Requlred informetion [The following information applies to the questons displayed below] Hart Company made 3,020 thetver using 22020 pounds of wood costing $268.644 The company/s direct matenale standards for one shelf are 8 pounds of wood at $12.10 per pound AQ=ActuatQuartitySC=StandardQusitityAP=ActuatPliceSP=StandardPrice 1. Compute the direct materials price and quantity variances atong with the totat direct materials variance. 2. Hart apgles management by exception by investigating direct matenals variances of more than 5% of actual direct matertals costs: Which darect materials variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Cempute the direct materials pnce and quantity vatiances along with the total direct moterials variance. (Indicate the effect of each variance by selecting favorable, unf avorbble, or no vatiance. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct matenals costs. Which direct materials variances will Hart investigate further