DAB Company sells multiple products and uses a time-driven ABC system. The company's products must be wrapped individually before shipping. The packaging and shipping department employs 20 people. Each person works 12 days per month on average. Employees in this department work an eight-hour shift that includes a tota of 75 minutes for breaks and a meal. The full compensation, including fringe benefits, for each packaging and shipping employee is $4,860 per month. Requirements (a) What is the rate per hour for each packaging and shipping employee at DAB? (b) On average, it takes one packaging and shipping employee 30 minutes to prepare a package and label, independent of the number or types of items in the shipment, plus 18 minutes per item to bubble wrap and pack it in the carton. Using DAB's time-driven ABC system, what is the packaging and shipping cost assigned to Order 705, which consisted of 40 items? Requirement (a) What is the rate per hour for each packaging and shipping employee at DAB? Using time-driven ABC, what is the rate per hour for each packaging and shipping employee at DAB? Determine the formula, then calculate the rate per hour for each employee. Rate per hour Requirement (b) On average, it takes one packaging and shipping employee 30 minutes to prepare a package and label, independent of the number or types of item in the shipment, plus 18 minutes per item to bubble wrap and pack it in the carton. Using DAB's time-driven ABC system, what is the packaging and shipping cost assigned to Order 705, which consisted of 40 items? Determine the formula, then calculate the cost assigned to Order 705. (Enter the hours utilized to two decimal places, X.XX. Enter the cost assigned to the nearest cent, $X.XX.) Cost assigned X Next