Hi-Tek Manufacturing Inc, makes two types of industrial component parts the B300 and the T500. An absorption costing income statement for the most recent period is shown below. H-Tek Manufacturing Inc. Incxum Slalom Sales S 1,703,300 Cost of goals sold 1,240,900 Grass margin 462,400 Selling and administrativne 580,000 Net operating loss S S (117x) Hi-Tek produced and sold 50,400 units of B300 at a price of $20 per unit and 12,700 units of T500 at a price of $39 per unit. The company's traditional cost system allocates manufacturing overheed to products using a plantwide overhead rate and direct labor dollars as the allocation bese. Additional information relating to the company's two product lines is shown below: B300T500 Tales Direct materials $ 400,200 S 162.400 $ 562,600 Direct lubar $ 120,800 S 42,900 163.700 Manufacturing terhead Cost of goods sold $ 1.240.900 514.600 The company has created an activity-based costing system to evaluate the profitability of its products Hi-Tek's ABC implementation team concluded that $55,000 and $108,000 of the company's advertising expenses could be directly traced to 1300 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) Machining (maschine) Setups (setup hours) Product-sustaining (number of products) Olher organization-staining costs) Total manufacturing overhead cost Manufacluring Overhead S 214,00 139,010 101200 60.300 S 514,600 B300 90.300 76 1 NA Activity T500 R2 80 240 1 NA Total 152.900 316 2 NA Required 1. Compute the product margins for the B300 and T500 under the company's traditional casting system (Do not round your overhead rate. Round your other intermediate and final answers to the nearest whole number.) B300 T500 Total Product ragin $ 0 2. 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 $ 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Do not round your overhead rate. Round your other intermediate calculations and final answers to the nearest whole number. Round your "Percentage answer to 1 decimal place.(i.e. .1234 should be entered as 12.31) B300 T500 Total of % of Total Amount Amount Amount Total Amount Amount Traditional Carl Sysler % 190 35 98 56 Total cost assigned to products $ 0 $ 0 Total cost S 0 B300 T500 Total % of Total Amount % of Total Amount Amount Amount Amount Activity-Based Costing System Direct costs: 54 ". % 36 % 56 Indirect costs: % ES 95 56 5 0 $ $ 0 Total cost assigned to products Cosis nol assigned to products Total cost $