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 Hi-Tek produced and sold 60,100 units of 8300 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 overhead to products using a plantwide overhead rate and direct iabor dollars as the allocation base. Additional information relating to the company's two product lines is shown below. The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $54,000 and $107,000 of the company's advertising expenses could be directly traced to 8300 and 1500 , 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: Required: 1. Compute the product margins for the 8300 and T500 under the company's traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Compute the product margins for the B300 and T500 under the compan intermediate calculations to 2 decimal places and final answers to the n Compute the product margins for B300 and T500 under the activity-base be indicated by a minus sign. Round your intermediate calculations to 2