Perez'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 $774 per hour. The company planned to make 8,500 dolls during the year but actually used 13,450 hours of labor to make 9,300 dolls. The payroll amounted to $106,390. Required a. Should labor variances be based on the planned volume of 8,500 dolls or the actual volume of 9,300 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). Answer is not complete Complete this question by entering your answers in the tabs below. REGA Regs Red Cand Should tabor variances be based on the planned volume of 8,500 dolls or the actual volume of 9,300 dolls? Laborcode Dated on the actual volume ReqB> Me TE Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Required a. Should labor variances be based on the planned volume of 8,500 dolls or the actual volume of 9,300 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). Answer is not complete. Complete this question by entering your answers in the tabs below. RA Reg Cand Prepare a table that shows the standard labor price, the actual tabor price, the standard tabor hours, and the actual labor hours Round "Standard price and "Actual price to 2 decimal places) S 7.74 Der Labor Varance on table Standard labor price Actual price Standard hours for flexible budget Achours used S 7.91 Tour per hour 13.450 Required a. Should labor variances be based on the planned volume of 8,500 dolls or the actual volume of 9,300 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). Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Reg B Reg Cand 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 (le, zero variance). Round your final answers to nearest whole dallar. Total labor price variance Total tibor usage variance $ $ 2,287 U 5,418 F d