Please do not give solution in image format thanku Required 1RequiredHart applies management by exception by investigating direct materials variances of more than 5% of actual direct materialscosts. Which direct materials variances will Hart investigate further?Which direct materials variances will Hart investigate further?< Required 1 Required information[The following information applies to the questions displayed below]Hart Company made 3.020 shelves using 22,020 pounds of wood costing $268,644 The company's direct materialsstandards for one shelf are 8 pounds of wood at $12.10 per poundAQ-Actual QuantitySQ-Standard QuantityAP-Actual PriceSP- Standard Price1. Compute the direct materials price and quantity variances along with the total direct materials variance.2. Hart applies management by exception by investigating direct matenals variances of more than 5% of actual direct materials costs.Which direct materials variances wel Hart Investigate further?Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute the direct materials price and quantity variances along with the total direct materials variance. (Indicate the effect of each variance by selectingfavorable, unfavorable, or no variance.)Actual CostnegardsRequired 2 >Standard Costs

Name: Please do not give solution in image format thanku Required 1RequiredH
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please do not give solution in image format thanku Required 1RequiredHart applies management by exception by investigating direct materials variances of more than 5% of actual direct materialscosts. Which direct materials variances will Hart investig

Variances are the calculation of the difference between the actual performance and standard…

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standards for one shelf are 8 pounds of wood at $12.10 per pound AQ-Actual Quantity Q-Standard Quantity AP-Actual Price P-Standard Price Compute the direct materials price and quantity variances along with the total direct materials variance Hart apples management by exception by investigating direct materials variances of more than 5% of actual direct materials costs Which direct materials variances will Hart Investigate further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances along with the total direct materials variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Required 2 > Standard Cost