Sheldon Company manufactures only one product and uses a standard cost system. During the past month, manufacturing operations for the company

had the following variances: direct labor rate variance $=$$$30,000$ favorable; direct labor efficiency variance $=$$$50,000$ unfavorable. Sheldon allows $5$

standard direct labor hours per unit produced, and its standard direct labor hourly pay rate is $$50.$ During the month, the company used $25\%$ more direct

labor hours than the standard allowed.

What was the actual hourly rate $($AP$)$ for direct labor?

Multiple Choice

$$44\mathrm{.}00.$

$$50\mathrm{.}00.$

$$36\mathrm{.}00.$

$$56\mathrm{.}00.$

$$30\mathrm{.}00.$