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GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Job

GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows:

Job 1 Job 2 Job 3
Direct Materials $ 100,000 $ 150,000 $ 200,000
Direct Labour $ 200,000 $ 300,000 $ 220,000

Overhead is applied to jobs at a rate of $0.50 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year. Actual manufacturing overhead costs incurred amounted to $300,000. GHI employees worked a total of 60,000 hours during the year. GHI's direct labour rate per hour was:

Answer: $12

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