Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month of March. Activity Materials handling Assembly Packaging Estimated Indirect activity costs $ 3,500 12,000 5,750 Allocation base Number of parts Number of parts Number of chairs Estimated quantity of allocation base 5,000 parts 5,000 parts 1,250 chairs Each chair consists of 4 parts and the direct materials cost per chair is $7.00. Based on the information given for Edwards Company, what is the cost of materials handling and assembly per chair? Multiple Choice O O $17.00 $4.60 O O $14.40 O $12.40. O O $24.00