Gracen Pharmacy, part of a large chain of pharmacies, fills a variety of prescriptions for customers. The complexity of prescriptions filled by Gracen varies widely; pharmacists can spend between five minutes and six hours on a prescription order. Traditionally, the pharmacy has allocated its overhead based on the number of prescriptions. The pharmacy chain's controller is exploring whether activity-based costing (ABC) may better allocate the pharmacy overhead costs to pharmacy orders. The controller has gathered the following information: (Click the icon to view the expected usage and costs.) The clerk for Gracen Pharmacy has gathered the following information regarding two recent pharmacy orders: (Click the icon to view the pharmacy order Requirement 1. What is the traditional overhead rate based on the number of prescriptions? First identify the formula used to compute the traditional overhead rate, then compute the rate. (Round your answer to the nearest cent. Abbreviations used: est. = estimated) Est. total pharmacy overhead Est. number of prescriptions Traditional overhead rate + = Qu Data table red the rder Total Annual Qu Cost Pools Estimated Cost Cost Driver Total Annual Estimated Cost Driver Activity Pharmacy occupancy costs (utilities, rent, and other costs)... $ 36,000 Technician hours 90,000 Qu Packaging supplies (bottles, bags, and other packaging)... 39,100 Number of prescriptions.. 23,000 wer to Professional training and insurance costs: $ 125,000 Pharmacist hours 25,000 Que $ 200,100 Total pharmacy overhead rate Que Print Done Data table Traditionally, the pharmacy has costs.) Casson nr - X Technician Hours Number of Pharmacist Prescriptions Hours Customer Order Number 1102 0.5 3 2.0 ns Customer Order Number 1103 0.5 1 2.5 rat Print Done Tra