Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 230 feet of leather and predicts leather will cost $4.10 per foot. Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 240 feet of leather per collar and paid $3.65 per foot Required: 1. Calculate the standard direct materiais cost per unit. 2. Without performing any calculations, determine whether the direct matenais price vanance wili be favorable or unfavorable 3. Without performing any caiculations, determine whether the cirect materials quantity varlance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the standard direct materials cost per unit, (Round your answer to 2 decimal places.). Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.30 feet of leather and predicts leather will cost $4.10 per foot. Suppose Perfect Pet made 80 collars during February For these 80 collars, the company actually averaged 2.40 feet of leather per collar and paid $3.65 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 unfavorable 3. Without performing any calculations, determine whether the direct materlais quantly variance will be favorable or unfavorable 6. Calculate the direct materials price and quantity variances Answer is not complete. 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 2 ) decimal places. Indicate the effect of each variance by selecting " F" for fovorable, "U" for unfavorable, and "None for no effect (1.e., zero variance).)