4) Cousin Eddie's Cookie Company manufactures and sells three flavors of cookies: Peanut Butter, Chocloate Chip, and Oatmeal. The batch size for the cookies is limited to 1,000 cookies based on the size of the ovens and cookie molds owned by the company. Based on budgetary projections, the information listed below is available: Peanut Butter 500,000 Choc Chip Oatmeal 800,000 600,000 Projected sales in units PER UNIT data: Selling price Direct materials Direct labor $0.80 $0.75 $0.60 $0.14 $0.20 $0.04 $0.15 $0.02 $0.02 1 1 0.5 Hours per 1000-unit batch: Direct labor hours 2 1 Oven hours 1 1 Packaging hours 0.5 05 Total overhead costs and activity levels for the year are estimated as follows. Activity Overhead costs Activity levels Direct labor 2.400 hours Oven $210,000 1.900 oven hours Packaging 5150.000 950 packaging hours $360,000 Required: a. Determine the activity-cost-driver rate for packaging costs. b. Using the ABC system, for the sugar cookie: 1. compute the estimated overhead costs per thousand cookies. 2 compute the estimated operating profit per thousand cookies.