Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to...
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Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.5 feet of leather and predicts leather will cost $2.50 per foot. Suppose Perfect Pet made 60 collars during February. For these 60 collars, the company actually averaged 1.75 feet of leather per collar and paid $2.00 per foot Reg 1 Reg 2 and 3 Rego Calculate the standard direct materials cost per unit. (Round your answer to 2 decimal places.) Standard Direct Materials per Color Reg 1 Reg 2 and 3 Rego 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 wariance will be favorable or unfavorable 2. Direct Material Price Variance 3. Direct Materia Quarry Variance Reg1 Reg 2 and 3 Reg 6 Calculate the direct materials price and quantity variances (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect zero variance), Round your answers to 2 decimal places) Direct Material Price Variance Direct Material Guantity Variance
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