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 60,200 units of B300 at a price of $20 per unit and 12,700 units of T500 at a price of $40 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 $59,000 and $103,000 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: Complete this question by entering your answers in the tabs below. 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. Required: 1. Compute the product margins for 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. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. 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 & \multicolumn{2}{|c|}{ B300 } & \multicolumn{2}{|c|}{ T500 } & \multirow{3}{*}{ Total Amount } \\ \hline & & % of & & % of & \\ \hline & Amount & TotalAmount & Amount & TotalAmount & \\ \hline \multicolumn{6}{|c|}{ Activity-Based Costing System } \\ \hline \multicolumn{6}{|c|}{ Direct costs: } \\ \hline \multicolumn{6}{|l|}{ " } \\ \hline \\ \hlinep & & & & & \\ \hline \multicolumn{6}{|c|}{ Indirect costs: } \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{6}{|c|}{ Total cost assigned to products } \\ \hline \multicolumn{6}{|c|}{ Costs not assigned to products: } \\ \hline & & & & & \\ \hline & & & & & \\ \hline Total cost & & & & & \\ \hline \end{tabular} Prepare a quantitative comparison of the traditional and activity-based cost assignments. Note: Round your intermediate calculations to 2 decimal places and "Percentage" answers to 1 decimal place and and other answers to the nearest whole dollar amounts