Greek Spa produces two different spa products: Fresh and Calm. The company uses three operations to manufacture the detergents: mixing, blending, and packaging (Click the icon to view the additional information.) The budgeted number of containers and expected direct materials and the budgeted conversion costs for May are as follows: (Click the icon for the budget information.) Read the requirements. The budgeted number of containers and expected direct materials cost for each product are as follows: Because of the materials used, Fresh is produced in powder form in the mixing department and then transferred to the blending department and then onto packaging. Calm is produced in liquid form in the blending department and is then transferred to packaging. Greek Spa applies conversion costs based on labor-hours in the mixing department. It takes 3 minutes to mix the ingredients for a container of Fresh. Conversion costs are applied based on the number of containers in the blending departments and on the basis of machine-hours in the packaging department. It takes 1.2 minutes of machine time to fill a container, regardless of the product. Fresh Calm 12,000 15,000 Number of containers Direct materials cost $ 29,460 $ 34,650 The budgeted conversion costs for each department for May are as follows: Allocation of Budgeted Department Conversion Costs Conversion Cost Requirement 1. Calculate the conversion cost rates for each department. Mixing Direct labor hours $ 660 Determine the formula and then calculate the conversion cost rate for each department. (Round the conversion cost rate to the nearest cent.) Blending Number of containers $ 49,950 Budgeted conversion cost Budgeted quantity of cost driver Conversion cost rate Packaging Machine hours $ 6.480 Mixing Blending Packaging Requirement 2. Calculate the budgeted cost of goods manufactured for Carefree and Spring for the month of May. Begin by calculating the budgeted cost of goods manufactured for Carefree, then calculate the budgeted cost of goods manufactured for Spring. (Enter a "0" for amounts with a zero value.) Carefree Spring Direct materials Mixing Blending Packaging Total Requirement 3. Calculate the cost per container for each product for the month of May. (Round your answer to two decimal places, X.XX.) Carefree Spring Total budgeted costs Divide by number of containers Budgeted cost per container