Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2
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Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require feet of leather and
predicts leather will cost $ per foot. Suppose Perfect Pet made collars during February. For these collars, the company
actually averaged feet of leather per collar and paid $ per foot.
Required:
Calculate the standard direct materials cost per unit.
Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable.
Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable.
Calculate the direct materials price and quantity variances.
Complete this question by entering your answers in the tabs below.
Req
Req and
Req
Calculate the direct materials price and quantity variances.
Note: Round your intermediate calculations and final answers to decimal places. Indicate the effect of each variance by
selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Requirement is $ per collar and requirement and three are favorable for DM Price Var and Unfavorable for DM Quanity Var. I am unsure of my answer or requirment
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