Question 25 2 pts Company P produced 200 picture frames during the latest month, with these standards: Direct Materials (2 feet of wood @ $3.00 per foot) $6.00 Direct Labor (2 hours @ $11.00/hour) $22.00 Company Pactually purchased and used 600 pieces of woods at $4.00 each, and its actual labor hours were 320 hours at a wage rate of $13.00. What is Company P's labor rate variance? $320 U 0 $640 U $660 F $450 F