Data table Uncle Julian has identified the following activities related to yearly manufacturing overhead costs and cost drivers associated with producing sweet potato chips: Activity Cost Driver Preparation time Manufacturing Overhead Preparation.. $ 600,000 Cooking and draining $ 972,000 Packaging... $ 630,000 Units packaged Cooking and draining time Print Done Uncle Julian Snacks produces different styles of sweet potato chips (ruffled, flat, thick-cut, gourmet) for different corporate customers (Click the icon to view additional information.) Click the icon to view the additional information and data) Compute the activity cost allocation rates for each activity assuming the following total estimated activity for the year: 12,000 preparation hours, 30,000 cooking and draining hours, and 7 million packages Begin by determining the formula for calculating activity cost allocation rate, then calculate the rates for each activity. (Round the rate to the nearest cont.) Estimated total cost driver Total manufacturing overhead Preparation 600,000 Cooking/draining S 972,000 Packaging 630,000 12,000 30,000 7,000,000 Activity cost allocation rate 50 per hour 27 per hour per pkg