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Requirements Requirement 1. What is the traditional overhead rate based on the number of prescriptions? First identsy the formula used to compuse the traditionsl overhead rate, then compute the rate. (f) Data table 1. What is the traditional overtiead rate based on the number of prescripticns? 2. How much pharmacy overhead would be allocated to customer order number 1245 if traditonal overhesd allocation based on the number of prescriptions is used? 3. How much phamacy overhead would be allocated to customer order number 1246 if tradional overhead allocation based on the number of peescriptions is used? 4. What are the following cost pool allocation rates. a. Pharmacy eccupancy costs b. Packaging supplies c. Prodessionul training and insurance costs 5. How much would bo allocated to customer order number 1245 if activity-based costing (ABC) is used to allocale the pharmacy overivead costs? 6. How much would be allocated to customer onder number 1246 If activity-based costing (ABC) is used to allocate the pharmacy overhead costs? 7. Which allocaton method (tradtional or activity-based costing) would produce a more accurate product cost? Explain your answer. Requirements Requirement 1. What is the traditional overhead rate based on the number of prescriptions? First identsy the formula used to compuse the traditionsl overhead rate, then compute the rate. (f) Data table 1. What is the traditional overtiead rate based on the number of prescripticns? 2. How much pharmacy overhead would be allocated to customer order number 1245 if traditonal overhesd allocation based on the number of prescriptions is used? 3. How much phamacy overhead would be allocated to customer order number 1246 if tradional overhead allocation based on the number of peescriptions is used? 4. What are the following cost pool allocation rates. a. Pharmacy eccupancy costs b. Packaging supplies c. Prodessionul training and insurance costs 5. How much would bo allocated to customer order number 1245 if activity-based costing (ABC) is used to allocale the pharmacy overivead costs? 6. How much would be allocated to customer onder number 1246 If activity-based costing (ABC) is used to allocate the pharmacy overhead costs? 7. Which allocaton method (tradtional or activity-based costing) would produce a more accurate product cost? Explain your