Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month of June: Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Actual Costs 385 units Spending Variance Flexible Budget 385 units Volume Variance Master Budget 200 units Direct Material S 17 100 S 15,600 Direct Labor 27,800 23,600 Variable Overhead 9,850 9,600 Fixed Overhead 13,100 11,800 Total Manufacturing Costs $ 67,850 S 60,600 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 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Calculate the standard direct materials cost per unit. Note: Round your answer to 2 decimal places. Standard Direct Materials per Collar Req 2 and 3 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 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 31 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 materials quantity variance will be favorable or unfavorable. 2. Direct Material Price Variance 3. Direct Material Quantity Variance