All three parts please.

Hi-Tek Manufacturing, Incorporated, makes two types of Industrial component parts--the 8300 and the T500. An absorption costing Income statement for the most recent period is shown: HET Manufacturing Incorporated Income Statement Sales $ 1,704,00 Cost of goods sold 1,232,603 Gross margin 471,392 Selling and administrative expenses 560,000 Net operating loss $ 88,608) Hi-Tek produced and sold 60,000 units of B300 at a price of $20 per unit and 12,600 units of T500 ot a price of $40 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 base. Additional Information relating to the company's two product lines is shown below. 3300 7500 Total Direct materials $ 400,300 $ 162,500 5 562,600 Direct labor $ 129,900 $ 43,000 163,900 Manufacturing overhead 506,105 Cost of goods sold The company has created on activity based costing system to evaluate the profitability of its products. Hi Teks ABC implementation team concluded that $57,000 and $103,000 of the company's advertising expenses could be directly traced to $300 and T500, respectively. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company's manufacturing overhead to four activities as shown below Manufacturing Activity Activity Control and Activity Measuce) Overhead 3100 Ted Total Machining (machine hours) $ 205,200 91,000 62,200 153,200 Setups (setup hours) 140,220 270 542 Productsustaining number of products) 100,600 1 1 2 Other (organization tostaining costs) 60.000 NA MA Total manufacturing overhead coat 3.500,100 Required: 1 Compute the product margins for the B300 and 1500 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. Required Required Required Compute the product margins for the B300 and TSOO under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) 0.300 Tsoo Total Produd margin