Fanning's Doll Company produces handmade dolls. The standard amount of time spent on each doll is $1\mathrm{.}50$ hours. The standard cost of labor is $$7\mathrm{.}68$ per hour. The company planned to make $7,100$ dolls during the year but actually used $11,250$ hours of labor to make $7,900$ dolls. The payroll amounted to $$89,213.$

Required

a$.$ Should labor variances be based on the planned volume of $7,100$ dolls or the actual volume of $7,900$ 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

Req B

Req C and D

Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual labor hours.

Note: Round "Standard price" and "Actual price" to $2$ decimal places.

$\backslash$table$[[$Labor Variance Information Table$],[$Standard labor price,,per hour$],[$Actual price,,per hour$],[$Standard hours for flexible budget,,$],[$Actual hours used,,$]$