Question 4 (1 point) Philly Company manufactures antique-style clocks and uses an activity-based costing system. Each clock consists of 10 separate parts totaling $120 in direct materials, and requires 2.0 hours of machine time to produce. Additional information follows: Activity Allocation Base Number of parts Materials handling Machining Assembling Machine hours # of parts Packaging # of finished units What is the cost of materials handling per clock? $5.00 Cost Allocation Rate $.50 per part $2.50 per machine hour $0.50 per part $1.50 per finished unit $12.50 $14.50 $3.00