Pertect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot. Suppose Pertect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $2.70 per foot Required 1. Calculate the standard direct materials cost per unit. (Round your answer to 2 decimal places.) andard Direct Materials per Collar 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable Direct Material Price Variance