Can I please have assistance on the following question:

\fHi-Tek Manufacturing, Inc., makes two types of industrial component partsthe B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc. Income Statement Sales $ 1,651,800 Cost of goods sold 1,236,738 Gross margin 415,062 Selling and administrative expenses 630,000 Net operating loss $ (214,938) Hi-Tek produced and sold 60.200 units of 3300 at a price of $19 per unit and 12,700 units of T500 at 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: B300 T500 Total Direct materials $ 400,200 $ 163,000 $ 563,200 Direct labor $ 120,300 $ 42,800 163,100 Manufacturing overhead 510,438 Cost of goods sold $ 1,236,738 [ The company has created an activity-based costing system to evaluate the profitability of its products. HiTek's ABC implementation team concluded that $58,000 and $109,000 of the company's advertising expenses could be directly traced to B300 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 Cost Pool (and Activity Measure) Overhead B300 1500 Total Machining (machine-hours ) $ 208, 488 90 , 600 62, 700 153 , 300 Setups (setup hours ) 140, 850 73 240 313 Product-sustaining (number of products) 100 , 400 1 1 2 Other (organization-sustaining costs) 60, 700 NA NA NA Total manufacturing overhead cost $ 510 , 438 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.) B300 T500 Total Product marginComplete this question by entering your answers in the tabs below. Required 1 Required3 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2 decimal places and "Percentage" answers to 1 decimal place and and other answers to the nearest whole dollar amounts.) B300 T500 Total % of % of Amount Amount Amount Traditional Cost System % o of Total cost assigned to products Total cost B300 T500 Total% of % of Amount Total Amount Amount Total Amount Amount Activity-Based Costing System Direct costs: % % % % % % Indirect costs: % % % % % % Total cost assigned to products Costs not assigned to products: Total cost