Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hart Company made 3,100 shelves using 22,100 pounds of wood costing $278,460. The company's direct materials standards for one shelf are 8 pounds of wood at $12.50 per pound. Exercise 21-14A (Algo) Recording and closing materials variances LO P6 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. View transaction list Journal entry worksheet A Record direct materials price and quantity variances, Note: Enter debits before credits.