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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

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:

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 system.

3. Quantitative comparison of the traditional and activity-based cost assignments.

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