4-1.Tek Manufacturing, 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: Hi-Tek produced and sold 60,400 units of 8300 at a price of $20 per unit and 12,700 units of T500 at a price of $39 per unit. T1.e company's traditional cost system allocates manufacturing overtiead to products using a plantwide overheded rate and direct labor flollars as the allocation base. Additional information relating to the compary's two product lines is shown below: The company has created an activity-based costing system to evaluate the profitablity of its products. HL-Tek's ABC implitmentation peam concluded that 551,000 and $103,000 of the company's edvertising expenses could be directly traced to B300 and TS00 respectively. The remainder of the selling and administrative expenses was orgonization-sistaining in nature. The AgC team aso distributed the company's manufacturing overtiead to four activities as shown below: listributed the company's manufacturing overhead to four activities as shown below: Required: Compute the product margins for the B300 and T500 under the company's traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. Compute the product margins for the 8300 and T500 under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole doliar amount.) Required: 1. Compute the product margins for the B300 and T500 under the company's traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should . be indicated by a minus sign, Round your intermediate calculations to 2 decimal places.) Required: Compute the product margins for the B300 and T500 under the company's traditional costing system. 2. Compute the product margins for 8300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments, Complete this questlon by entering your answers in the tabs below. Prepare a quantitative comparison of the trad tional and activity-based cost assignments. (Round your intermediate calcu places end "Pnecentage" answern to 1 decimal place and and other answers to the nearest whole dollar amounts.)