I am stumped on this one...any help would be great. Thanks.

Che 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 I Hi-Tek Manufacturing Inc. Income Statement Sales $ 1,767,600 Cost of goods sold 1.212,086 Gross margin 535,514 Selling and administrative expenses 55e,eee Net operating loss $ (14,486) Book Hint rint Hi-Tek produced and sold 60,400 units of B300 at a price of $21 per unit and 12,800 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: erences 8300 $ 480,500 5 120, 300 T5ee $ 162,100 3 42,988 Direct materials Direct labor Manufacturing overhead Cost of goods sold Total $ 562,600 163,200 506, 286 $ 1.232,086 The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $60,000 and $107.000 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 Manufacturing Overhead $ 202,426 142,560 100,800 60,500 $ 506,286 Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-sustaining (number of products) Other (organization-sustaining costs) Total manufacturing overhead cost Activity B300 T500 Total 90,200 62,000 152,200 74 1 1 2 NA NA NA 250 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. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the product margins for the B300 and T500 under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) B300 T500 Total Product margin $ 0 Required 2 > Prey 1 of 1 Next Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-sustaining (number of products) Other (organization-sustaining costs) Total manufacturing overhead cost Manufacturing Overhead $ 202,426 142,560 100,800 60,500 $ 506,286 B389 90,280 74 1 NA Activity T500 Total 62,800 152,200 250 324 1 2 NA NA Required: 1 Compute the product margins for the B300 and 1500 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. Required 1 Required 2 Required 3 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 $ 0 Prey 1 of 1 Next Prepare a quantitative comparison of the traditional and activity based cost assignments. (Round your intermediate calculation to places and "Percentage" answers to 1 decimal place and and other answers to the nearest whole dollar amounts.) Amount Amount Traditional Cost System % % % % % % Total cost assigned to products $ 0 $ 0 $ 0 Total cost $ 0 T500 Total B300 % of Total Amount Amount Amount Total Amount Amount Activity-Based Costing System Direct costs RI Prey 1 of 1 Next Amount Total Amount Activity-Based Costing System Direct costs % % % % % % Indirect costs % % % % % % $ 0 $ 0 Total cost assigned to products Costs not assigned to products: Total cost $ 0