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Zachary's Doll Company produces handmade dollis. The standard amount of time spent on each doll is 1,50 hours. The standard cost of labor is $7.66

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Zachary's Doll Company produces handmade dollis. The standard amount of time spent on each doll is 1,50 hours. The standard cost of labor is $7.66 per hour. The company planned to make 7,600 dolls during the year but actually used 11,900 hours of labor to make 8,900 dolls. The payroll amounted to $94,843, Required a. Should labor variances be based on the planned volume of 7,600 dolls or the actual volume of 8,900 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 varlance 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 ond indicate whether they are favorable (F) or unfavorable (U). Notei Select "None" if there is no effect (0.e4 zero varlance). Pound your. final answers to nearest whole doliar

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