Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require $2\mathrm{.}50$ feet of leather and

predicts leather will cost $$4\mathrm{.}50$ per foot. Suppose Perfect Pet made $100$ collars during February. For these $100$ collars, the company

actually averaged $2\mathrm{.}65$ feet of leather per collar and paid $$4\mathrm{.}10$ 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 $2$ and $3$

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 variance by

selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$

Direct Material Price Variance

Direct Material Quantity Variance