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,$$2\mathrm{.}10$ per pound$],[$Actual direct labor rate,$$7\mathrm{.}30$ per hour$],[$Standard purchase price,$$1\mathrm{.}90$ per pound$],[$Standard quantity for sets produced,$950,000$ pounds$],[$Standard direct labor hours allowed,$15,000],[$Actual quantity purchased in October,$1,095,000$ pounds$],[$Actual direct labor hours,$10,000],[$Actual quantity used in October,$980,000$ pounds$],[$Direct labor rate variance,$$5,300F$