You have been given the following information about the production of Keren Co. and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (9 pounds at $5 per pound) $45.00 Direct labor (0.7 hours at $101 7.00 Variable overhead (0.7 hours at $5 per hour) 3.50 Fixed overhead (0.7 hours at $7 per hour) 4.90 $60.40 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Quantity Direct material: 5409,500 $4 189 F 59.300 Direct labor 63,700 4.893 U 6.200 U(e) What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.] Actual rate paid per direct labor hour Ahr eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Arewer