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

3.10 per lb. Actual purchase price 8.30 per hour Actual direct labor rate 2.90 per lb. Standard purchase price Standard quantity for sets produced 1,050,000 lbs. Standard direct labor hours allowed 21,000 Actual quantity purchased in October 1,325,000 lbs. Actual direct labor hours 18,000 1,080,000 lbs. Actual quantity used in October $6,300 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.) Direct Materials Price Variance