Hart Company made 3,600 bookshelves using 32,000 board feet of wood costing $332,800. The company's direct materials standards for one bookshelf are 10 board feet of wood at $10.30 per board foot.

Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

Answer rating: 100% (QA)

Direct material price variance AQ AP SP Here AQ ie actual quantity 32000 board ... View the full answer