Finch's Doll Company produces handmade doils. The standard amount of time spent on each doll is 1.50 hours. The standard cost of labor is $7.66 per hout. The company planned to make 7,200 dolls during the year but actually used 11200 hours of labor to make 7,800 dolls. The payroll amounted to $90,608 Required 0. Should labor variances be based on the planned volume of 7.200 dolls or the actual volume of 7.800 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 (P) or unfavorable (U) d. Compute the labor usage varlance and indicate whether it is favorable (F) or unfavorable (U) Complete this question by entering your answers in the tabs below. Should labor variances be bosed on the planned volume of 7,200 dolls or the actual volume of 7,800 dolls? Required o. Should labor variances be based on the planned volume of 7,200 dolls or the actual volume of 7,800 dolls? b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual 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. Should labor variances be based on the planned volume of 7,200 dolls or the actual volume of 7,800 dolls? a. Should labor variances be based on the planned volume of 7,200 dolls or the actual volume of 7,8000015 ? 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. Prepare a table that shows the standard labor price, the actual tabor price, the standard labor hours, and the actual fabor hours. Note: found "Standard price" and "Actual price" to 2 decimal places, b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual 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. Compute the labor price and labor usage variances and indicate whether they are favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (hie., zero variance). Round your final answers to nearest whole dollar. Finch's Doll Company produces handmade doils. The standard amount of time spent on each doll is 1.50 hours. The standard cost of labor is $7.66 per hout. The company planned to make 7,200 dolls during the year but actually used 11200 hours of labor to make 7,800 dolls. The payroll amounted to $90,608 Required 0. Should labor variances be based on the planned volume of 7.200 dolls or the actual volume of 7.800 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 (P) or unfavorable (U) d. Compute the labor usage varlance and indicate whether it is favorable (F) or unfavorable (U) Complete this question by entering your answers in the tabs below. Should labor variances be bosed on the planned volume of 7,200 dolls or the actual volume of 7,800 dolls? Required o. Should labor variances be based on the planned volume of 7,200 dolls or the actual volume of 7,800 dolls? b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual 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. Should labor variances be based on the planned volume of 7,200 dolls or the actual volume of 7,800 dolls? a. Should labor variances be based on the planned volume of 7,200 dolls or the actual volume of 7,8000015 ? 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. Prepare a table that shows the standard labor price, the actual tabor price, the standard labor hours, and the actual fabor hours. Note: found "Standard price" and "Actual price" to 2 decimal places, b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual 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. Compute the labor price and labor usage variances and indicate whether they are favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (hie., zero variance). Round your final answers to nearest whole dollar
