(The following information applies to the questions displayed below.) Hart Company made 3,400 bookshelves using 23,000 board feet of wood costing $287,500. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12.40 per board foot. Part 1 of 2 10 AQ- Actual Quantity sQ - Standard Quantity AP = Actual Price SP= Standard Price points eBook (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. Hint Print Actual Cost Standard Cost References