Hi-Tek Manufacturing, Incorporated, makes two industrial component parts-B300 and T500. An absorption costing income statement for the most recent period is shown below: Hi-Tek produced and sold 60,100 units of B300 at a price of $21 per unit and 12,600 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 labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: The company created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $55,000 and $106,000 of the company's 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 company's manufacturing overhead to four activities as shown below: \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ B300 } & \multicolumn{2}{|c|}{ T500 } & \multirow{3}{*}{ Total Amount } \\ \hline & & % of & & % of & \\ \hline & Amount & \begin{tabular}{c} Total \\ Amount \end{tabular} & Amount & \begin{tabular}{c} Total \\ Amount \end{tabular} & \\ \hline \multicolumn{6}{|c|}{ Traditional Cost System } \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ Total cost assigned to products } \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Total cost } \\ \hline & \multicolumn{2}{|c|}{ B300 } & \multicolumn{2}{|c|}{ T500 } & \multirow{3}{*}{ Total Amount } \\ \hline & & % of & & % of & \\ \hline & Amount & \begin{tabular}{c} Total \\ Amount \end{tabular} & Amount & \begin{tabular}{c} Total \\ Amount \end{tabular} & \\ \hline \end{tabular} equired: 1. Compute the product margins for B300 and T500 under the company's traditional costing system. . Compute the product margins for B300 and T500 under the activity-based costing system. . Prepare a quantitative comparison of the traditional and activity-based cost assignments. Compute the product margins for B300 and T500 under the activity-based costing system. Note: Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places. Compute the product margins for B300 and T500 under the company's traditional costing system. Note: Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount. \begin{tabular}{|c|c|c|c|c|c|} \hline & & & & & \\ \hline & & % of & & % of & Total Amount \\ \hline & Amount & \begin{tabular}{c} Total \\ Amount \end{tabular} & Amount & \begin{tabular}{c} Total \\ Amount \end{tabular} & \\ \hline Activity-B & & & & & \\ \hline Direct cos & & & & & \\ \hline & & & & & \\ \hline t & & & & & \\ \hline & & & & & \\ \hline Indirect co & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline Total cost & & & & & \\ \hline Costs not & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline Total cost & & & & & \\ \hline \end{tabular}