E$9-15($Algo$)$ Determining Actual Costs, Standard Costs, and Variances $[$LO $9-3,9-4]$

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

$\backslash$table$[[$Actual purchase price,$$1\mathrm{.}60$ per pound$],[$Actual direct labor rate,$$6\mathrm{.}80$ per hour$],[$Standard purchase price,$$1\mathrm{.}40$ per pound$],[$Standard quantity for sets produced,$900,000$ pounds$],[$Standard direct labor hours allowed,$15,000],[$Actual quantity purchased in October,$1,045,000$ pounds$],[$Actual direct labor hours,$10,000],[$Actual quantity used in $0$ctober,$930,000$ pounds$],[$Direct labor rate variance,$$4,800F$