E9-4 (Algo) Interpreting Direct Materials Price, Quantity Variances [LO 9-3] Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.00 feet of leather and predicts leather will cost $3.50 per foot. Suppose Perfect Pet made 50 collars during February. For these 50 collars, the company actually averaged 2.30 feet of leather per collar and paid $3.00 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 6 Calculate the standard direct materials cost per unit. Note: Round your answer to 2 decimal places. Standard Direct Materials per Collar < Req 1 Req 2 and 3 > Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Shampoo Water Direct labor Standard Rate $0.50 per ounces Standard Unit Cost gallons hour $0.04 per gallons $12.00 per hour $1.45 1.08 19.80 ounces Standard Quantity 2.9 27 1.65 During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410 hours (cost of $5,371). Required: 1. Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts, direct labor variances for the month of July. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Suds & Cuts, direct labor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to nearest dollar amount. Direct Labor Rate Variance Direct Labor Efficiency Variance < Required 1 Required 2