The status of all job activity occurring during January for XYZ Manufacturing is shown below: Job X-1 X-2 X-3 X-4 Beginning WIP Inventory $0 $15,000 $0 $26,000 January Direct costs incurred: Direct Material $13,000 $24,000 $9.000 $11,000 Direct Labor $ 6,000 $ 2,000 $7.000 $13,000 Job status - end of January Unfinished Finished and Sold Unfinished Finished not sold XYZ applies manufacturing overhead (M/O to lobs using an annual predetermined M/O rate of $0.50 per Direct Labor DOLLAR (NOT Hour). Actual manufacturing overhead incurred during January was $10,500, If XYZ chose to use actual costing (on a monthly basis) instead of normal costing, what actual Manufacturing overhead rate per Direct Labor dollar would be used for the month of January? $0.375 $0.750 $1.333 $2.667