4-1, 4-2 thank you for your help

12.31 Text Customer Margin og Dept. of Global Business, Hannam University Hannam Industry Inc. makes only two types of smart phones, i.e. JA-1 and JA-Note. Last year's absorption costing income statement follows as: (30 Pts) Hannam Industry Inc. - Income Statement- Sales $ 6,500,000 Cost of Goods Sold $ 3,500,000 Gross Margin S 3,000,000 Selling, General & Admin Exp $ 2,000,000 Net Operating Income (Loss) $ 1.000.000 Product JA-1 JA-Note Sales Units 100,000 20,000 Unit Price 85 100 2) Compute the product margins for JA-1 and JA- Note under the activity-based costing system. (13 Pts) Activity Total Total Activity Cost Pool Cost Activity Rate Machining 200,000 100,000 Setups 150,000 300 Product-Sustain 150,000 2 m 13 JA-1 JA-1 JA-Note Total Product Direct Materials Direct Labor MFG Overhead 1,00,000 800,000 JA-Note Total 700,000 1,700,000 400,000 1,200,000 600,000 3,500,000 Sales Direct Materials Direct Labor Advertisement Exp to Cost of Goods Sold 80,000 120,000 200,000 Machining Setups Activity MFG Activity Cost Pool Overhead JA-1 JA-Note Total Machining 200,000 75,000 25.000 100.000 Setups 150,000 80 220 300 Product-Sustaining 150,000 2 Other 100,000 NA NA NA Total 600,000 1 1 Product-Sustaing 8 Is. Total Cost 1) Compute the product margins for JA-I and JA- Note under the traditional costing system. (12 Pts) JA-1 JA-Note Total 00 Product Margin Sales Direct Materials Direct Labor MFG Overhead Total MFG Cost Product Margin 3D er. sor: Jin Kim 2