Joshua, Inc. uses activity-based costing. The company produces two products, 001 and 002. Information relating to the two products is as follows: 001 002 Units produced 19,000 25,000 Machine-hours 7,500 8.500 Direct labor-hours 8,000 12,000 Materials handling (number of moves) 4,000 6,000 Setups 5,000 7,000 The following costs for the year are reported: Materials handling $160,000 Labor-related overhead $480,000 Setups $300,000 Based on the above information, Material Handling costs assigned to Product 002 for the year are: $36,000 $64,000 $96,000 $160,000 None of these numbers is correct