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. The controller has gathered the following information: (Click the icon to view the expected usage and costs.) The clerk for Westford has gathered the following information regarding two recent pharmacy orders: (Click the icon to view the pharmacy order data.) 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 Save s made here WI Question list K 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 The controller has gathered the following information Chapter 4H Que Data table 10/11/22 11 - X lowing orders rder 10/11/22 4 O Qu 0% (0 point Cost Pools Total Annual Estimated Cost Cost Driver Total Annual Estimated Cost Driver Activity Unlimited p Pharmacy occupancy costs (utilities, rent, and other costs). 95,000 Technician hours 95,000 O Qu Questions: 6 lar to) 10/2) o Qu arto) (0/2) Packaging supplies (bottles, bags, and other packaging). 30,000 Number of prescriptions 20,000 Incorrect: 0. Professional training and insurance costs $ 48.000 Pharmacist hours wer to 24,000 173,000 Total pharmacy overhead rate O Qu 2022) is ba olicy Copyr O Qu Print Done on list on 1 on 2 fills fold Pharmacy, part of a large chain of pharmacies, 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 Data table The controller has gathered the following information: (Click the icon to view the expected usage and costs.) The clack for Westford has gathered the following g two recent pharmacy orders o view the pharmacy order n3 Technician Hours Number of Prescriptions Pharmacist Hours Customer Order Number 1241 Customer Order Number 1242 ns? 0.5 1.0 Incorrect: 0 0.5 1.5 rate. (Round your answer to m4 Traditional overhead rate 15 6 Print Done 4 W K fill: of Question 1, E4-38B (similar to) Part 1 of 11 HW Score: 0%, 0 of O Points: 0 of 2 ph Actual total pharmacy overhead on Actual total change orders all pr Est. number of prescriptions wh the Est. total pharmacy overhead Est. total technician hours Re Est. total pharmacist hours Fir the Est. training costs acies, omplexity six hours y has xploring allocate The controller has information: BEE (Click the icon t- costs.) The clerk for Westfo information regarding BEE (Click the icon to data.) ate based on the number of prescription= itional overhead rate, then compute the r ated)