Joe Manufacturing, Incorporated, makes two industrial component parts-B300 and T500. An absorption costing income statement for the most recent period is shown below: JOBS Manufacturing, Incorporated Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating loss (178,569) produced and sold 60,200 units of 8300 at a price of $19 per unit and 12,600 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: Direct materials Direct labor Manufacturing overhead Cost of goods sold Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-sustaining (number of B300 products) Other (organization-sustaining costs) The company created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $51,000 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: 1,647,800 1,246,369 401,431 580,000 T500 $ $ 162,500 400,800 $ 120,800 $ 42,100 Traditional Cost System 411 $ ba Manufacturing_ Overhead Total $ 563,300 162,900 520, 169 1,246, 369 B300 $ 203,889 90,900 154,980 79 101, 200 1 60,100 $ 520,169 Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Amount Total manufacturing overhead cost 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. B300 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. T500 % of Total Amount Activity T500 Total 62,400 153,300 290 369 1 2 Amount % of Total Amount Total Amount

1. Compute the product margins for 8300 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. \begin{tabular}{c} Required \\ 1 \\ \hline \end{tabular} Prepare a quantitative comparison of the traditional and activity-based cost assignment Note: Round your intermediate calculations to 2 decimal places and "Percentage" answe place and and other answers to the nearest whole dollar amounts. Thcolme statementuring. Incorporated, makes two industrial component parts- 8300 and T500. An obsorption costing incolie statement for the most recent period is showin hilrw: Fproduced and sold 60,200 units of 8300 at a price of $19 per unit and 12,600 units of TS00 at a price of $40 per unit. The company's traditional cost system allocates manufocturing overhead to products using a plantwide overthead 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-Fek's ABC implementation team concluded that $51,000 and $103,000 of the company's advertising expenses could be directly traced to 8300 and T500, fespectively. The remainder of the selling and administrative expenses was organizationsustaining in nature. The ABC team also distributed the company's manufacturing overhead to four activities as shown below: Required: 1. Compute the product margins for 8300 and TS00 under the company's traditional costing system. 2. Compute the product margins for 8300 and T500 under the actity-based costing syssem. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. 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. 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. Requiri 1 Compute the product mitrgins 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