Kalina 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 $7.71 per hour. The company planned to make 7.100 dots during the year but actually used 11.150 hours of labor to make 7.900 dolls. The payroll amounted to $83,866. Required: Should labor variances be based on the planned volume of 7,100 dolls or the actual volume of 7.90S dolls? The planned volume of 7.100 dolls The actual volume of 7.900 dolls 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.) Compute the labor price variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)