answer number 1 please

Hi-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 Manufacturing Incorporated Income Statement Sales Cost of goods sold $ 1,633,200 1,215,595 417,605 640,000 Gross margin Selling and administrative expenses Net operating loss $ (222,395) Hi-Tek produced and sold 60,300 units of 8300 at a price of $19 per unit and 12,500 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 base. Additional information relating to the company's two product lines is shown below: B300 T500 Total $ 563,600 Direct materials Direct labor $ 400, 800 $ 162,800 $ 120,100 $ 42,300 Manufacturing overhead 162,400 489,595 $1,215,595 Cost of goods sold The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $57,000 and $107,000 of the company's advertising expenses could be directly traced to 8300 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: Activity Cost Pool (and Activity Measure) Manufacturing Overhead Activity T500 Machining (machine-hours) 8300 90,900 Total 153,500 62,600 Setups (setup hours). 75 220 $ 210,295 118,000 100,400 60,900 Product-sustaining (number of products) Other (organization-sustaining costs) 295 2 1 1 NA NA NA Total manufacturing overhead cost $ 489,595 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. Required 1 Required 2 Required 3 Compute the product margins for the B300 and T500 under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) 8300 T500 Total Product margin