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Amber Company produces iron table and chair sets. During October, Amber's costs were as follows:...

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Accounting

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Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Required: 1. Calculate the total cost of purchases for October. 2. Compute the direct materials price variance based on the actual quantity purchased. 3. Calculate the direct materials quantity variance based on the actual quantity used. 4. Compute the standard direct labor rate for October. 5. Compute the direct labor efficiency variance for October. Complete this question by entering your answers in the tabs below. Caiculate the total cost of purchases for October. \begin{tabular}{|l|l|l|} \hline 2. Direct Materials Price Variance & & \\ \hline 3. Material Quantity Variance & & \\ \hline \end{tabular} Req 1 Req 4 Complete this question by entering your answers in the Compute the standard direct labor rate for October. Note: Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute the direct labor efficiency variance for October. Note: Round your intermediate calculation to 2 decimal places. Indicate the effect favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)

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