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 averaged 2.30 feet of leather per collar and paid $3.60 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whiether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantify varlance 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. Calculate the standard direct moterials cost per unit. \{Round vour anywer to 2 decimil places.? 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 corrpany actually averaged 2.30 feet of leather per collar and pald $3.60 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Withouf performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations. determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materlals 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 price variance will be favorable ar enfoworable. 3. Without performing any calculations, determine whether the direct materials quantity varlance will be favorable or inatavorable. Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to requite 2.26 feet of leather and predicts leather will cost $4.00 per foot. Suppose Perfect Pet made 75 collars duting February. For these 75 collars, the company actually averaged 2.30 feet of leather per collar and paid $3.60 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materlals price varlance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct matedals quantity varlance 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. Calculate the direct materials price and quantity variances. (Round your intermediate calculations and final answers to ? decimal places, Indicate the elfect of each voniance by selecting "F " for favorable, "U" for unfavorable, and "None" for not effect (L.e. zero variance). )
