Ch Hi-Tek Manufacturing, Inc, makes two types of industrial component parts -the B300 and the T statement for the most recent period is shown: 500. An absorption costing income Hi-Tek Sales Cost of goods sold Gross margin Selling and adeinistrative expenses600,000 Net operating loss 1,697,300 1,254,864 442,436 (157,564) Hl-Tek produced and sold 60,100 units of 8300 at a price of $20 per unit and 12,700 unts of Ts00 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 b Direct materials Direct labor Manufacturing overhead Cost of goods sold s 400,700 162,800 563,580 162,700 528,664 s 120,400 42,300 1,254,864 he company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation am concluded that $59.000 and $110.000 of the spectively. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also stributed the company's manufacturing overhead to four activities as shown below company's advertising expenses could be directly traced to B300 and T500