Campbell'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 $7.68 per hour. The company planned to make 7,800 dolls during the year but actually used 12,200 hours of labor to make 8,300 dolls. The payroll amounted to $98,454. Required a. Should labor variances be based on the planned volume of 7,800 dolls or the actual volume of 8,300 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). Complete this question by entering your answers in the tabs below. Req A Should labor variances be based on the planned volume of 7,800 dolls or the actual volume of 8,300 dolls? Labor variances should be based on the Req B Req C and D Req A Req B Req C and D Prepare a table that shows the standard labor price, the actual hours. (Round "Standard price" and "Actual price" to 2 decimal Labor Variance Information Table Standard labor price Actual price Standard hours for flexible budget Actual hours used per hour per hour Req A Req B Req C and D Compute the labor price and labor usage variances and "None" if there is no effect (i.e., zero variance). Round c. Total labor price variance Total labor usage variance d