80.2K

Verified Solution

Link Copied!

3 1428 DO Required information (The following information applies to the questions displayed below) Hart Company made 3,140 bookshelves using 22140 board feet of wood costing $283,392. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12.70 per board foot. ebook AQ - Actual Quantity sa Standard Quantity AP = Actual Price SP = Standard Price Hint Print (1) Compute the direct materials price and quantity variances and classify 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances and classify each as favorable favorable, unfavorable, and no variance) unfavorable (Indicate the effect of each varianca by lecting for Retual Case Standard Cost Required 2 > 3 0 14:28 DOS Required information The following information applies to the questions displayed below) Hart Company made 3,140 bookshelves using 22.140 board feet of wood costing $283,392. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12.70 per board foot Book Hint AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances and classify 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? Print Deferences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hart applies management by exception by investigating direct materiais variances of more than 5% of actual direct materials costs. Which direct materiais variances will Hart Investigate further? Which direct materials variances will Hart investigate further?

Answer & Explanation Solved by verified expert

See Answer