Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 10,000 units. The standard cost for labor allowed for the output was $87,000, and there was an unfavorable direct labor time variance of $4,600.

What was the standard cost per hour? [Hint: Round your answer in 2 decimal places]