Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] Hart Company made 4,900 bookshelves using 22,000 board feet of wood costing $261,800. The company's direct materials standards for one bookshelf are 5 board feet of wood at $11.80 per board foot.

Exercise 23-13 Computation and interpretation of materials variances LO P2

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

(1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves.

Actual Cost			0				0	Standard Cost
		0
			$0	0			$0
				$0
				$0