Need help with requirements 1-3. Thank you!

then , and drag to the Favorites Bar folder. Or import from another browser. Import favorites rites here, select Chapter 7 HW i Saved Help Save & Exit Submit 10 Check my work 3 Hi-Tek Manufacturing Inc Income Statement $1,693,500 1,231,723 Sales Cost of goods sold 6.66 Selling and administrative expenses points 630,000 $(168,223) Net operating loss eHack T500 at a price of $39 per unit. The Hi-Tek produced and sold 60,300 units of B300 at a price of $20 per unit and 12,500 units company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and clirect labor dollars as the allocation base. Additional Information relating to the company's two product lines is shown below: Print Total B300 T50 Direct materials $400,700 $162,800 563,500 162,200 s06,023 Direct labor Manufacturing overhead Cost of goods sold $120,000 42,200 Reterences $1,231,723 evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $59,000 and $107,000 of the company's advertising expenses could be directly traced to B300 and T500, tion-sustaining in nature. The ABC team also The company has created an activity-based costing system t distributed the company's manufacturing overhead to four activities as shown below: Manufacturing Activity Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-sustaining (number of products) other (organization - sustaining costs) Overhead Total B300 T500 $203,623 141,300 101,000 91,000 62,100 153,100 74 240 314 60,100 $506,023 NA ... NA NA Total manufacturing overhead cost Required: then , and drag to the Favorites Bar folder. Or import from another browser. Import favorites orites here, select Chapter 7 HW Seved Help Save & Exit Submit 10 Check my work Manufacturing overhead Activity 100 100 hours) 91.000 Setups (setup hours) Product-sustaining (number of products) other (organization-sustaining costs) 240 141,300 74 314 6.66 101,000 1 1 2 points NA 60,100 NA NA $506,023 Total manufacturing overhead cost Rook Required: 1. Compute the product margins for the B300 and T500 under the company's traditional costing system. em Print 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. References Required 3 Required 1 Required 2 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 Required 1 Required 2