Compuse the produce margins for the 8300 and T500 under the company's traditional costing system. (Do not round your ov whole number B300 T500 %of %of Activity-Based Costing System Direct costs 2. Compute the product margins for 8300 and T500 under the activity-based costing system (Negative product margins shou decimal places Indirect costs: 3. Prepare a quanttative comparison of the traditional and activity-based cost assignments. (Do not round your overhead rate whole number. Round your-Percentage-answer to 1 decimal place.(Le, .1234 should be entered as 12.3m Total cost assigned to products Costs not assigned to products %of %of Traditional Coat System Total cost Total cost assigned to products Hi Tek Manufacturing Inc. makes two types of industrial component parts 6300 and the T500 A absorption costing income statement for the most recent period is shown below: S 1,648,000 Cost of goods sold Gross margin 640,000 05 61 Net operating loss Hi-Tek produced and sold 60,000 units of B300 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 Direct materials Direct labor S 400,400 162,200 62.600 S 120,100 42,900 Cost of goods sold The company has created an activity-based costing system to evaluate the pottablity of its products. Tek's ABC implementation team concluded that $57,000 and S 108,000 of the company's advertising expenses could be directiy 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 Activity Cost Pool (and Activity Measure) Setups (setup hours) Other 210.588 116.030 100.800 60 600 62,200 152600 73 costs) NA NA