Anemone Company produces picture frames.During the year, 200,000 picture frames were produced.Materials and labor standards for producing the picture frames are as follows:

Anemone purchased and used 600,000 pieces of wood at $4.00 each, and its actual 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

Question

Anemone Company produces picture frames.During the year, 200,000 picture frames were produced.Materials and labor standards for producing the picture frames are as follows: ​
​
 Anemone purchased and used 600,000 pieces of wood at $4.00 each, and its actual 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

Quizplus · Accepted Answer

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Anemone Company Produces Picture Frames