Assume the following information (the quantity of materials purchased = the quantity used): Actual total cost of direct materials $65,560 Direct materials price variance $ 5,960 U Standard quantity of materials allowed per 3 lbs. unit Standard price per pound of material $ 4.00 Standard rate per direct labor hour $ 5.00 Actual total direct labor hours 6,500 Direct labor efficiency variance $ 3,500 F Standard number of direct labor hours allowed 2 hours per unit Direct labor spending variance $ 400 U es What is the actual hourly rate (AR) for direct labor? Multiple Choice $5.20 Drow 14 15 MAU