Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.25 feet of leather and predicts leather will cost $4.00 per foot Suppose Perfect Pet made 75 collars during February. For these 75 collars. the company actually averoged 230 feet of leather per collar and paid $3.60 per foot. Requifed: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the ditect moterials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quontity variancer will be favorable or unfavorable 6. Calculate the direct marerials price and quantity vorlances. Complete this question by entering your answers in the tabs below. Calculate the standard direct materials cost per unit. Note: Round your answer to 2 decimal places