Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to fecuire 200 feet of ieother and predicts leather witl cost $3,50 per foot. Suppose Perfect Pet made 50 collars during February. For these 50 collars, the compary achually averaged 230 foet of leather per collar and paid $3300 per foot Required: 1. Calculate the standard diect materials cost.per unit 2. Without performing any calculotions, determine whether the direct moteribls price variance wil be fovorable or unfovorable. 3. Without performing any calculations, determine whether the direct materials quantify variance will be favarable or unfavorable. 6. Colculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Calculate the standard direct materals cost per unst. Notez Poeind your answer to 2 decimal places. Perfect Pet Collar Company makes custom leather pet collars, The company expects each collar to recuire 2 oo feet of leother and predicts leather will cost $3.50 per foot, Suppose Perfect Pet mode 50 colfars during February. For these 50 collari, the company actualiy averaged 230 feet of leather per collar and paid $300 per foot. Required: 1. Calculate the standard difect materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price voriance will be favorable or unfovorabie. 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. 2. Without performing any calculations, determine whether the direct materials prica variance wil be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. Perfect Pot Collar Company makes custom leather pet collars. The company expects each collar to require 200 feet of leather and predicts leather will cost $3.50 per foot Suppose Perfect Pet made 50 collars during February. For these 50 collors, the company actually averaged 2.30 feet of leather per collar and paid $300 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 unfavorabie 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfovorable. 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 intermediste 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 (Le., zero variance)
