Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 170 feet of leather and predicts leather will cost $2.90 per foot. Suppose Perfect Pet made 65 collars during February. For these 65 collars, the company actually averaged 190 feet of leather per collar and paid $2.40 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 direct materials price and quantity variances. (Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance).) Direct Material Price Variance Direct Matenal Quantity Variance 2 >