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Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $ 2.60 per pound Actual direct labor

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Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $ 2.60 per pound Actual direct labor rate $ 7.80 per hour Standard purchase price $ 2.40 per pound Standard quantity for sets produced 1, 060, 600 pounds Standard direct labor hours allowed 17,900 Actual quantity purchased in October 1, 175, 080 pounds Actual direct labor hours 13,090 Actual quantity used in October 1,030,080 pounds Direct labor rate variance $5, 850 F 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. Reg 1 Reg 2 and 3 Reg 4 Reg 5 Calculate the total cost of purchases for October. Total Purchases Req 2 and 3 >

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