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HI-Tek Manutacturing. Incorporated, makes two types of industrial component parts-the B300 and the T500 An absorption costing income statement for the most recent period is shown HHek produced ond sold 60100 units of 8300 at a price of $19 per unit and 12,600 units of T500 at a price of $39 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation bese. Additional information relating to the company's two product lines is shown below: The company has created an octivity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC impiementation team concluded that $59,000 and $103,000 of the company's advertising expenses could be directly traced to B300 and T500, respectively. The remainder of the seling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company's manufacturing overhead to four activities as shown below Required: 1. Compute the product margins for the 8300 and TSOO under the company's traditional costing system 2 Compute the product margins for 8300 and T500 under the octivity based costing system 3. Prepare a quantitative comparison of the traditional and octivity based cost assignments Complete this question by entering your answers in the tabs below. Prepare a quantitative comparison of the traditional and activity based cost assignments. Note: Round your intermediate calculations to 2 decimal places and Percentoge' answers to 1 decimal place and and other answers to the nearest whole dollar amounts. Prepare a quantative comparison of the tiaditional and activety-based cost assimements. Note: Round your intermiediate calcilations to.2 decdirial places and Ftercendage answus to 1 thecintal place and and other answets fo thet

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