Green Spa produces two different spa products: Fresh and Ocean. The company uses three operations to manufacture the products: mixing, blending, and packaging. i. (Click the icon to view the additional information.) The budgeted number of containers and budgeted direct materials cost for each product in May are: i) (Click the icon for the budget information.) Read the requirements. Requirement 1. Calculate the conversion cost rates for each department. Determine the formula and then calculate the conversion cost rate for each department. (Round the conversion cost rate to the nearest cent.) More info The budgeted conversion costs for each department for May are as follows: More info Fresh is produced in powder form in the mixing department, then transferred to the blending department, and finally to packaging. Ocean undergoes no mixing; it is produced in liquid form in the blending department and then transferred to packaging. In the mixing department, Green Spa applies conversion costs based on labor-hours. It takes 3 minutes to mix the ingredients for a container of Fresh. In the blending department, conversion costs are applied based on the number of containers and in the packaging department, on the basis of machine-hours. It takes 0.9 minutes of machine time to fill a container, regardless of the product