Woodson Wood Products, Inc., manufactures various items from wood. One of these products is a chair. During a recent month, the company manufactured 1,700 chairs using 8,205 board feet of hardwood. The hardwood cost the company $32,000. The company's standards for one chair are 5 board feet of hardwood, at a cost of $3.85 per board foot. 1. Required What is the standard quantity of board feet of hardwood (SQ) that is allowed to make 1,700 chairs? What is the standard materials cost allowed (SQ x SP) to make 1,700 chairs? What is the materials spending variance? What is the materials price variance and the materials quantity variance? 1. 2. 3. 4