Cost ot 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 $53,000 and $108,000 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 Manufacturir Activit Activity Cost Pool (and Activity Measure) Overhead Machining (machine-hours) Setups (setup hours) Product-sustaining (number of products) Other (organization-sustaining costs)60,900 Total manufacturing overhead cost B300 T500 Total $211,416 90,700 62,500 153,200 342 143,640 101,400 72 270 NA NA NA $517,356 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 systenm 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments