Bluecap Company uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2021: Denominator volume-number of units Denominator volume-percent of capacity Denominator volume-standard direct labor hours (DLHS) 6,000 60% 23,000 Budgeted variable factory overhead cost at denominator volume $ 103,400 Total standard factory overhead rate per DLH $15.10 During 2021, Bluecap worked 27,000 DLHS and manufactured 9,300 units. The actual factory overhead cost for the year was $17,000 greater than the flexible budget amount for the units produced, of which $8,000 was due to fixed factory overhead. In preparing a budget for 2022 Bluecap decided to raise the level of operation to 90% of capacity (a level it considers to be "practical capacity"), to manufacture 8,700 units at a budgeted total of 26,100 DLHS. Under the assumption that the total budgeted fixed overhead for 2022 is the same as it was for 2021, what is the standard fixed overhead application rate per DLH (to two (2) decimal places) fdr Bluecap Company for 2022? (Round your intermediate calculation to 2 decimal places.) O $9.34. $4.24 $6.64. O $9.04. $4.04