Davidson Inc. uses a standard costing system. The following monthly cost functions apply to its manufacturing overhead items: Overhead Item Cost Function Indirect materials $2.40 per DLH Indirect labor $3.00 per DLH Utilities $1.20 per DLH Insurance $71300 Depreciation $288,000 Information for the month of December is as follows: Actual overhead costs incurred: Indirect materials $187,200 Indirect labor 216,000 Utilities 86,400 Insurance 79,200 Depreciation 288,000 Total $856,800 Actual direct labor hours worked 72,000 Standard direct labor hours allowed for production achieved 81,000 Davidson uses expected capacity to calculate standard overhead rates. The monthly expected capacity is 69000 hours. What is the fixed overhead rate per hour? ENTER YOUR ANSWER TO 2 DECIMAL PLACES. DO NOT ENTER THE $ SIGN