13.34 points Zachary's Doll Company produces handmade dolls. The standard amount of time spent on each doll is 1.50 hours. The standard cost of labor is $7.67 per hour. The company planned to make 8,000 dolls during the year but actually used 12,500 hours of labor to make 8,800 dolls. The payroll amounted to $99,875. Required a. Should tabor variances be based on the planned volume of 8,000 dolls or the actual volume of 8,800 dolls? b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual labor hours. c. Compute the labor price variance and indicate whether it is favorable (F) or unfavorable (U). d. Compute the labor usage variance and indicate whether it is favorable (F) or unfavorable (U) Book References Complete this question by entering your answers in the tabs below. Req A Reg B ReqC and D Compute the labor price and labor usage variances and indicate whether they are favorable (F) or unfavorable (U). (Select "None" if there is no effect (1.e., zero variance). Round your final answers to nearest whole dollar.) 3 13.34 points used 12,500 hours of labor to make 8,800 dolis. The payroll amounted to $99.875 Required a. Should labor variances be based on the planned volume of 8,000 dolls or the actual volume of 8.800 dolls? b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual labor hours. c. Compute the labor price variance and indicate whether it is favorable (F) or unfavorable (U). d. Compute the labor usage variance and indicate whether it is favorable (F) or unfavorable (U). Book References Complete this question by entering your answers in the tabs below. Req A Req B Reg Cand D Compute the labor price and labor usage variances and indicate whether they are favorable (F) or unfavorable (U). (Select "None" if there is no effect (1.e., zero variance), Round your final answers to nearest whole dollar.) c. Total labor price variance d. Total labor usage variance