Wamsley Pharmacy, part of a large chain of pharmacies, is a variety of prescriptions for customers. The complexity of prescriptions Med by Wamsley 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 Wamsley has gathered the following information regarding two recent pharmacy orders view the pharmacy order date) Read the tents Requirement 1. What is the traditional overhead rate based on the mamber of prescriptions? First identify the formula used to compute the traditional overhead rate, then compute the rate. (Round your answer is the nearest cent. Abbreviations used estimated) Data table Cost Pools Pharmacy occupancy costs (unities, rent, and other costs). Packaging supplies (bottles, bags, and other packaging Professional training and insurance costs Total pharmacy vehead Traditional overhead rate Data table Total Annust Estimated Cost Cost Driver Total Annual Estimated Cost Driver Activity Technician Number of Hours Prescriptions Pharmacist Hours 24.000 Technician hours 60.000 Customer Order Number 1247 Customer Order Number 1243 85 10 05 15 37.400 Number of prescriptions 22.000 130.000 pacist hours 26.000 191.400 Print Done