Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Eer 1b. ho De lb. lbs. Actual Puroher Price Actual direct labor rate Standard purchase price Standard quantity for bets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labo rate variance 1.30 6.50 $ 1.10 970,000 15,000 1,015,000 7.000 900.000 $4,480 Lbs. iba- Required: 1. Calculate the total cost of purchases for October. 2. Compute the direct materials price variance based on quantity purchased. 3. Calculate the direct materials quantity variance based on quantity used. 4. compute the standard direct labor rate for October. 5. Compute the direct labor efficiency variance for October Calculate the total cost of purchases for October. Total Purchases 2. Compute the direct materials price variance based on quantity purchased. 3. Calculate the direct materials quantity variance based on quantity used. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 2. Direct Materials Price Variance Material Quantity Variance 3. Compute the standard direct labor rate for October. (Round your answer to 2 decimal places.) Standard Direct Labor Rate Compute the direct labor efficiency variance for October. (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).) Direct Labor Efficiency Variance