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 (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) Read the requirements are based on Requirement 1. What is First identify the formula prescriptions? tional overhead rate, then compute the rate. (Round your answer to the nearest cent. Abbreviations used: est Traditional overhead estimated) Total Annual Estimated Cost Total Annual Estimated Cost Driver Activity 85,000 Cost Driver Technician hours 102,000 Cost Pools Pharmacy occupancy costs (utilities, rent, and other costs) Packaging supplies (bottles, bags, and other packaging) Professional training and insurance costs Number of prescriptions ... 24,000 43,200 150,000 295,200 Pharmacist hours 25,000 Total pharmacy overhead Technician Number of Pharmacist Customer Order Number 1240 Hours Prescriptions Hours 2.0 1241 en 3.5