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Mandy Company has the following information from last month: Standard direct labor hours allowed for units produced (SQ) 5,500 Actual direct labor hours worked (AQ)

Mandy Company has the following information from last month: Standard direct labor hours allowed for units produced (SQ) 5,500 Actual direct labor hours worked (AQ) 5,400 Direct labor efficiency variance, favorable (F) $ 4,500 Total payroll $ 274,860 What was Mandy's standard direct labor rate per hour (SP), rounded to two decimal places? $49.97. $45.00. $30.25. $40.95.

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