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Mandy Company Has the Following Information from Last Month What Was Mandy's Actual Direct Labor Rate Per Hour (AP)

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Mandy Company has the following information from last month:  Standard direct labor hours for units produced (SQ)  3,600 Actual direct labor hours worked (AQ)  3,480 Direct labor efficiency variance, favorable (F)  $5,760 Total payroll $187,920\begin{array}{lr}\text { Standard direct labor hours for units produced (SQ) } & 3,600 \\\text { Actual direct labor hours worked (AQ) } & 3,480 \\\text { Direct labor efficiency variance, favorable (F) } & \$ 5,760 \\\text { Total payroll } & \$ 187,920\end{array} What was Mandy's actual direct labor rate per hour (AP) , rounded to two decimal places?

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