Ivanhoe manufactures speakers for car stereos and applies fixed overhead based on direct labor hours. Ivanhoe's fixed overhead spending variance for the year was $14000 favorable. For the current year, the company had budgeted to produce 125500 speakers. Ivanhoe's actual fixed overhead for the year was $393100. Ivanhoe produced 123500 speakers and used 184500 direct labor hours, which was the standard hours allowed for the number of speakers produced. What was Ivanhoe's budgeted fixed overhead rate per direct labor hour for the year (if necessary, round your answer to the nearest cent? O $2.05/DLH O $2.17/DLH O $2.13/DLH O $2.10/DLH