DNA Company produces electric fans. During the year, 200,000 electric fans were produced. Labour standards for producing a electric fan are as follows:

Direct labour (2 hours @ $12)$24.00

.

DNA Company's actual labour hours were 320,000 hours at total labour cost of $4,160,000.

What is DNA Company's labour rate variance?

Question 44 options:

1)

$320,000 F

2)

$320,000 U

3)

$445,000 U

4)

$640,000 F