QUESTION 13 Anemone Company produces picture frames. During the year, 200,000 pictureframes were produced. Materials...
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Accounting
QUESTION 13
Anemone Company produces picture frames. During the year, 200,000 pictureframes were produced. Materials and labor standards for producing the pictureframes are as follows:
Direct materials (2 pieces of wood @ $3) $6.00
Direct labor (2 hours @ $12) $24.00
Anemone purchased and used 600,000 pieces of wood at $4.00 each, and itsactual labor hours were 320,000 hours at a wage rate of $13.
What is Anemone's labor rate variance?
a.$450,000 F
b.$320,000 U
c.$445,000 U
d.$660,500 F
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