ng steps perform before the company's year begins except 11. Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each phone has $40.00 of direct materials, includes 10 parts and requires 6 hours of machine time. Additional information follows: Activity Allocation Base Cost Allocation Rate Materials handling Number of parts $0.50 per part Machining Machine hours $3.00 per machine hour Assembling Number of parts $2.00 per part Packaging Number of finished units $4.00 per finished unit What is the cost of assembling per phone