Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.05 feet of leather and predicts leother will cost $360 per foot Suppose Perfect Pet made 55 collars during February For these 55 collars, the company actually averaged 2.20 feet of leather per collar and pald $3.20 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calcilations, determine whether the direct materials price variance will be favorabie or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable: 6. Caiculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below: Caiculate the standard direct materials cost per unit. Note: lound your answer to 2 decimal places. Perfect Pet Collar Compeny makes custom leather pet collats. The compony expects each collar to require 2.05 foet of leather and predicts leattrer wil cost $3,60 per foot. Suppose Perfect Pet made 55 collars during February. For these 55 collars, the company actually averaged 2.20 feet of leather per collar and paid $3.20 per foot Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct matenials price variance will be favorable or unfovorable 3. Without performing any cafculations, determine whether the direct materials quantity variance will be favorable or unfavorable: 6. Calculate the direct materiais price and quantity variances. Compiete this question by entering your answers in the tabs below. 2. Whaut performing any calculations, determine whether the direct materiais price variance will be fovorable or unfovocable. 3. Withaut performing any caicutations, determine whether the direct materiais quantity variance will be tavorable or unfavorable. Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.05 feet of leather and predicts leather will cost $3.60 per foot. Suppose Perfect Pet made 55 collars during February. For these 55 collars, the company actually averaged 2.20 feet of leather per collar and paid $3.20 per foot. Required: 1. Calculate the standard direct materials cost por 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. Calculate the direct materials price and quantity variances. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each varianice by. selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance)
