PLEASE ONLY USE FIRST PIC FOR INFORMATION, ALSO PLEASE INCLUDE FAVOURABLE OR UNFAVOURABLE.

OBJECTIVES CORNERSTONE 10.6 Exercise 10-13 Labour Variances Hobby Company produces sails for small recreational sailboats. During the year, 120,000 saik were produced. The actual labour used was 178,000 hours at $15.20 per hour. Hobby has the fol- lowing labour standard: 1.5 hours at $14.80. Question 2 (12 points) Complete Exercise 10-13 and answer the following questions. Consider using Cornerstone 10-6 to help you with this question. Remember to enter numeric amounts without a $or, la comma). If the answer is $20,000.00, then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452, round down to 1.45 Required: The total labour variance is $ (F, U). The labour rate (price) variance is $ (F, U). The labour efficiency (usage) variance is $ Required: The total labour variance is $ A/ (F, U). The labour rate (price) variance is $ (F, U). The labour efficiency (usage) variance is $ (F, U). Remember: round all numbers to the nearest dollar. Enter numbers without the $ or