Hi-Tek Manufacturing Inc. makes two types of industrial component partsthe B300 and the T500. An absorption costing income statement for the most recent period is shown below:

Hi-Tek Manufacturing Inc	Income Statement:
SALES	$ 1,693,500
COST OF GOODS SOLD	1,243,934
GROSS MARGIN	449,566
SELLING AND ADMINISTRATIVE EXPENSES	580,000
NET OPERATING LOSS	$ (130,434)

Hi-Tek produced and sold 60,300 units of B300 at a price of $20 per unit and 12,500 units of T500 at a price of $39 per unit. The companys 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 companys two product lines is shown below:

	B300	T500	TOTAL
DIRECT MATERIALS	$ 400,100	$ 162,100	$ 562,200
DIRECT LABOR	$ 120,300	$ 43,000	163,300
MANUFACTURING OVERHEAD			518,434
COST OF GOODS SOLD			$ 1,243,934

The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Teks ABC implementation team concluded that $56,000 and $107,000 of the companys 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 companys manufacturing overhead to four activities as shown below:

ACTIVITY COST POOL (& ACTIVITY MEASURE	MANUFACTURING OVERHEAD	ACTIVITY B300	ACTIVITY T500	ACTIVITY TOTAL
MACHINE (MACHINE-HRS)	$ 211,554	90,500	62,800	153,300
SETUPS (SETUP HRS)	146,080	72	260	332
PRODUCT-SUSTAINING ( # OF PRODUCTS)	100,800	1	1	2
OTHER (ORGANIZATION-SUSTAINING COSTS)	60,000	NA	NA	NA
TOTAL MANUFACTURING OVERHEAD COST	$ 518,434

****** Required *******

1. Compute the product margins for the B300 and T500 under the companys traditional costing system. (Do not round your overhead rate. Round your other intermediate and final answers to the nearest whole number.)

	B300	T500	TOTAL
PRODUCT MARGIN	??	??	??

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 12.3))

	B300	B300		T500	T500
		% OF			% OF		TOTAL
	AMOUNT	TOTAL AMOUNT		AMOUNT	TOTAL AMOUNT
TRADITIONAL COST SYSTEM							AMOUNT
??	??	??	%	??	??	%	??
??	??	??	%	??	??	%	??
??	??	??	%	??	??	%	??
TOTAL COST ASSIGNED TO PRODUCTS	??			??			??
??							??
TOTAL COST							??

	B300	B300		T500	T500		TOTAL
		% OF			% OF
	AMOUNT	TOTAL AMOUNT		AMOUNT	TOTAL AMOUNT		AMOUNT
ACTIVITY-BASED COSTING SYSTEM
DIRECT COST:
??	??	??	%	??	??	%	??
??	??	??	%	??	??	%	??
??	??	??	%	??	??	%	??
INDIRECT COSTS:
??	??	??	%	??	??	%	??
??	??	??	%	??	??	%	??
??	??	??	%	??	??	%	??
TOTAL COST ASSIGNED TO PRODUCTS	??			??			??
COSTS NOT ASSIGNED TO PRODUCTS:
??							??
??							??
TOTAL COST							??

( All the "?" spaces are the ones I NEED answered)