Rundle's Doll Company produces handmade dolls. The standard amount of time spent on each doll is 150 hours. The standard cost of laboris $776 per hour. The company planned to make 8,800 dolls during the year but actually used 13,800 hours of labor to make 10,100 dolls. The payroll amounted to $110,262 Required a. Should labor variances be based on the planned volume of 8.800 dolls or the actual volume of 10,100 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 (P) or unfovorable (U). Complete this question by entering your answers in the tabs below. Reg A Reg Reg C and D Should labor variances be based on the planned volume of 8,800 dolls or the actual volume of 10,100 dolls? Labor varianons should be based on the RogA ReqB > Rundle's Doll Company produces handmade dolls. The standard amount of time spent on each doll is 150 hours. The standard cost of laboris $776 per hour. The company planned to make 8.800 dolls during the year but actually used 13,800 hours of labor to make 10.100 dolls. The payroll amounted to $110.262 Required a. Should lobor variances be based on the planned volume of 8,800 dolls or the actual volume of 10,100 dolls? b. Prepare a table that shows the standard labor price, the actual labor price, the standard labor hours, and the actual tobor 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. Reg A Rego Reg Cond 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.) Labor Variance Information Table Standard labor price per hour Actual price per hour Standard hours for flexible budget Actual hours used Rundle's Doll Company produces handmade dolls. The standard amount of time spent on each doll is 150 hours. The standard cost of labor is $776 per hour The company planned to make 8.800 dolls during the year but actually used 13,800 hours of labor to make 10.100 dolls The payroll amounted to $110,262 Required a. Should lobor variances be based on the planned volume of 8.800 dolls or the actual volume of 10,100 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 Reg Cand D Compute the labor price and labor usage variances and indicate whether they are favorable () or unfavorable (U). (Select "None" if there is no effect (le, reto variance). Round your final answers to nearest whole dollar) Totaltabor price variance Total laborg Varance