I need help with this question. Thanks! Perfect Pet Collar Company makes custom...
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Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.15 feet of leather and precicts leather will cost S3.80 per foot. Suppose Perfect Pet made 65 collars during February. For these 65 collars, the company actually averaged 2.30 feet of leather per collar and pald $3.40 per foot. Required: 1. Calculato the standard direct matorials cost par unit. (Round your answer to 2 decimal places per Collar 2. Without performing any cakculations, determine whather the direct materials price varianoe wil be favarable or unfavarable. 3. Without performing any cakculations, determine whether the direct materials quantity varisnce wi be favarable or unfavorable 6. 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 favorable, "U" for unfavorable.) Direct Material Price Variancs Direct Material Quantty Varianc0
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