Amber Company produces iron table and chair sets. During October, Ambers costs were as follows: 2.70 per lb. Actual purchase price Actual direct labor rate $7.90 per hour Standard purchase price 2.500 per lb. Standard quantity for sets produced 1,010,000 lbs 21,000 Standard direct labor hours allowed Actual quantity purchased in October 1,215,000 lbs 14,000 Actual direct labor hours Actual quantity used in October 1,040,000 lbs $5,900 F Direct labor rate variance Required: 1. Calculate the total cost of purchases for October. Total Purchases 2. Compute the direct materials price variance based on quantity purchased. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable aterials 3. Calculate the direct materials quantity variance based on quantity used. (Indicate the effect of each variance by selecting "F" for favorable, "U" for