[The following information applies to the questions displayed below.) Hart Company made 4,700 bookshelves using 36,000 board feet of wood costing $378,000. The company's direct materials standards for one bookshelf are 8 board feet of wood at $10.40 per board foot. Exercise 8-13 Computation and interpretation of materials variances LO P2 (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost AQ AP AQX SP SQ Standard Cost X X SP X $ 0 $