Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require $1\mathrm{.}85$ feet of leather and predicts leather will cost $$3\mathrm{.}20$ per foot. Suppose Perfect Pet made $80$ collars during February. For these $80$ collars, the company actually averaged $2\mathrm{.}00$ feet of leather per collar and paid $$2\mathrm{.}70$ 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.

Witho$$t performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable.

Calculate the direct materials price and quantity variances.