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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
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 margin $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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.) B300 T500 Total Product margin $ 0 Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 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 Direct materials $ 400,700 % $ 162,900 42,900 120,600 % % Direct labor Manufacturing overhead Total cost assigned to products Selling and administrative Total cost % $ 563,600 % 163,500 % 513,240 $ 1,240,340 630,000 $ 1,870,340 $ 521,300 $ 205,800 B300 T500 Total % of % of Amount Total Amount Amount Total Amount Amount Activity-Based Costing System Direct costs: Direct materials $ 400,700 % $ 162,900 % $ 563,600 Direct labor 120,600 % 42,900 % 163,500 Advertising expense % % Indirect costs: Machining % % % % Setups Product sustaining % % $ 521,300 $ 205,800 727,100 Total cost assigned to products Costs not assigned to products: Selling and administrative Other Total cost $ 727,100
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