Check my 4 20 points Gibson's Doll Company produces handmade dolls. The standard amount of time spent on each doll is 150 hours. The standard cost of labor is $7.72 per hour. The company planned to make 8,100 dolls during the year but actually used 12,550 hours of labor to make 8,700 dolls. The payroll amounted to $99.773 Required a. Should labor variances be based on the planned volume of 8,100 dolls or the actual volume of 8,700 dolls? b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual labor hours. a 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). on Print Complete this question by entering your answers in the tabs below. 0 Reg Req Reg Cand D Should labor variances be based on the planned volume of 8,100 dolls or the actual volume of 6,700 dolls? Labor arances should be based on the Hege > Naxt > Help Suve CN 4 Gibson'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 $772 per hour. The company planned to make 8,100 dolls during the year but actually used 12.550 hours of labor to make 8,700 dolls. The payroll amounted to $99,773. 20 points Required a. Should labor variances be based on the planned volume of 8,100 dolls or the actual volume of 8,700 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). eBook Print Complete this question by entering your answers in the tabs below. References Req A ReqB Red Cand D Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual labor hours. (Round "Standard price" and "Actual price to 2 decimal places) per hour Labor Variance Information Table Standard labor price Actual price Standard hours for flexible budget Actual hours used per hour CRA Reg Cand > Help Save 4 20 points Gibson's Doll Company produces handmade dolls. The standard amount of time spent on each doll is 150 hours. The standard cost of laboris $772 per hour. The company planned to make 8,100 dolls during the year but actually used 12,550 hours of labor to make 8.700 dolls. The payroll amounted to $99,773. Required a. Should labor variances be based on the planned volume of 8,100 dolls or the actual volume of 8,700 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). eBook Print Complete this question by entering your answers in the tabs below. References Reg A Reg Redfc 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 (ie, zero variance), Round your final answers to nearest whole dollar) Totallatior price variance d. Tota labor usage variance
