Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labour standards for producing the picture frames are as follows: Direct materials (2 pieces of wood @ $2.25) Direct labour (2 hours @ $10) $4.50 $20.00 Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labour hours were 360,000 hours at a wage rate of $10.50. 16. What is the materials usage variance? $112,500 F $112.500 U $45,000 F $45,000 U " 17. What is Seaside's total labour variance? $20,000 F $20,000 U $112,500 F $120,000 U 10.50