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Firefox File Edit View History Bookmarks Tools Window Help e 28%. Wed 3:43 PM Atika Ishtiaq a E C Chegg Study| Guided Solution X+ https:/newconnect.mheducation.com/flow/connect.html ? a Search Ch 08 Ex 8-13 6 Saved Help Save & Exit Submit Check my work Required information Use the following information for the Exercises belovw The following information applies to the questions displayed below.] Hart Company made 4,200 bookshelves using 36,000 board feet of wood costing $360,000. The company's direct pptx 10 points materials standards for one bookshelf are 9 board feet of wood at $9.90 per board foot. Exercise 8-13 Computation and interpretation of materials variances LO P2 Hint Ask (1) Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves. Print References AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost Prev 1 of 1 Next 1007

Explanation / Answer

Actua cost Standard AP * AQ SP * AQ SP * SQ 10 36000 9.9 36000 9.9 37800 360000 356400 374220 -3600 17820 Material Price Variance 3600 Unfav Material Quantiity Variance 17820 Fav

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