Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price $ 2.20 per pound $7.40 per hour $ 2.00 per pound 960,000 pounds 10,000 Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours 1,105,000 pounds 9,000 990,000 pounds $5,400 F Actual quantity used in October Direct labor rate variance 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. Req 1 Req 2 and 3 Total Purchases Req 4 Req 5 Calculate the total cost of purchases for October. Rea 1 Reg 2 and 3

Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: 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. Calculate the total cost of purchases for October