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) Traditional overhead rate Westford Pharmacy, part of a large chain of pharmacies, fills a variety of prescriptions for customers. The complexity of prescriptions filled by Westford 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. Requirements - X Data table 1. Req First 2. What is the traditional overhead rate based on the number of prescriptions? How much pharmacy overhead would be allocated to customer order number 1245 if traditional overhead allocation based on the number of prescriptions is used? answer t 3. How much pharmacy overhead would be allocated to customer order number 1246 if traditional overhead allocation based on the number of prescriptions is used? head ra y orders: Technician Hours Number of Prescriptions Pharmacist Hours Customer Order Number 1245 Customer Order Number 1246 0.5 5 3.0 0.5 3 3.5 4. What are the following cost pool allocation rates: a. Pharmacy occupancy costs b. Packaging supplies c. Professional training and insurance costs 5. How much would be allocated to customer order number 1245 if 6. 7. activity-based costing (ABC) is used to allocate the pharmacy overhead costs? How much would be allocated to customer order number 1246 if activity-based costing (ABC) is used to allocate the pharmacy overhead costs? Which allocation method (traditional or activity-based costing) would produce a more accurate product cost? Explain your answer. Data table Pharmacy occupancy Cost Pools costs (utilities, rent, and other costs)... Print Done Help me solve this Video Get more beln. Print Done Total Annual Estimated Cost Cost Driver Total Annual Estimated Cost Driver Activity S 70,000 Technician hours.. 70,000 Packaging supplies (bottles, bags, and other packaging)..... Number of 30,000 prescriptions 25,000 Professional training and S 184,000 insurance costs Pharmacist hours.. 23,000 S 284,000 Total pharmacy.overhead.. heck an