Refer to Exercise 23-13. Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances.

Data From Exercise 23-13

Hart Company made 3,000 shelves using 22,000 pounds of wood costing $266,200. The company’s direct materials standards for one shelf are 8 pounds of wood at $12 per pound.
1. Compute the direct materials price and quantity variances along with the total direct materials variance and identify each as favorable or unfavorable.
2. Hart applies 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?