Required information Use the following information for the Exercises below. (Algo) [The fodlowing information applies to the questions displayed beiow.] Hart Company made 3,220 shelves using 22,220 pounds of wood costing \$293,304. The company's direct materials standards for ane shelf are 8 pounds of wood at $13.10 per pound. Exercise 21-13 (Algo) Computing and analyzing materials variances LO P3 AQ= Actual Quantity SQ=StandardQuantity AP = Actual Price SP= Standard Price 1. Compute the direct materials price and quantity variances alang with the total direct materials variance. 2. Hart apples management by ewception by inwestigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials varianees will Hart imvestigate further? Complete this question by entering your answers in the tabs below. Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hart Company made 3,220 shelves using 22,220 pounds of wood costing \$293,304. The company's direct materials standards for one shelf are 8 pounds of wood at $13.10 per pound. Exercise 21-13 (Algo) Computing and analyzing materials variances LO P3 AC= Actual Quantity SQ = Standard Quantity AP = Actual Price SP= Standard Price 1. Compute the direct materials price and quantity variances alang with the total direct materials variance. 2. Hart apples management by ewception by inwestigating direct materials variances of more than 5% of actual drect materials costs. Which direct materials variances will Hart imestigate further? Complete this question by entering your answers in the tabs below. Hart applies managemert by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials variances wil Hart imestigate further