Hi$-$Tek Manufacturing, Incorporated, makes two types of industrial component parts$-$the B$300$ and the T$500.$ An absorption costing income statement for the most recent period is shown:

$\backslash$table$[[$Hi$-$Tek Manufacturing Incorporated$],[$Income Statement,$$1,776,200$

Question $1$: Compute the product margin for the B$300$ and T$500$ under the company's traditional costing system.

Question $2$: Compute the product margin for B$300$ and T$500$ under the activity$-$based costing system

Question $3$: Prepare a quanitative comparison of the traditional and activity$-$based cost assignments.