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Amber Company produces iron table and chair sets. During October, Ambers costs were as follows: Actual purchase price $ 2.20 per pound Actual direct labor rate $ 7.40 per hour Standard purchase price $ 2.00 per pound Standard quantity for sets produced 960,000 pounds Standard direct labor hours allowed 10,000 Actual quantity purchased in October 1,105,000 pounds Actual direct labor hours 9,000 Actual quantity used in October 990,000 pounds Direct labor rate variance $5,400 F

Calculate the total cost of purchases for October.

Compute the direct materials price variance based on the actual quantity purchased. (Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Calculate the direct materials quantity variance based on the actual quantity used. (Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Compute the standard direct labor rate for October. (Note: Round your answer to 2 decimal places.)

Compute the direct labor efficiency variance for October. (Note: Round your intermediate calculation to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

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