The Variable Speed Company manufactures a line of high quality tools. The company sold 200.000 550 per year. The com represents a 25 share of the current hammers market. The market is expected to increase by Mark s c h ave determined that packaging the company will increase share of larger market to 30%. Due to changes in prices, the new price for the hammer will be 16.30 per with the competion and have to the volum e What the theorg? e s that this volume of a new advertising campaign and This new s expected to be in O O O O $9,616,320 $9358.400 $1 339 $9.072,000 Data on Gantry Company's direct labor costs are given below. Standard direct inbor hours Actual direct labor hours Direct inbor efficiency variance favorable Direct-aborrate variance favorable Total direct labor payroll 38.000 37,000 $ 4400 $ 7400 $ 155,400 What was Gantry's actual direct labor rate? OOO $4.20 $4.00 $740 54.40