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Which direct materials variances will hart investigate

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Reference no: EM132502234

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Hart Company made 3,340 bookshelves using 22,340 board feet of wood costing $308,292. The company's direct materials standards for one bookshelf are 8 board feet of wood at $13.70 per board foot.

A0 = Actual Quantity

$0 = Standard Quantity

AP = Actual Price SP = Standard Price

Question (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable.

Question (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? Complete thls question by enterlng your answers In the tabs below.

Reference no: EM132502234

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