Please answer all of the following required questions

Hi-Tek Manufacturing, Incorporated, makes two types of industrial component partsthe B3O and the T500. An absorption costing income statement tor the most recent period is shown: 'Ikilfiek 'rheoepOrfed Statement Sal es Cost" 66 goods 'Sold Gross margin Selling and administrative expenses operating loss 432 , 985 570,ee $ (137,015) Hi-Tek produced and sold 60.300 units of B300 at a price of $19 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 companVs two product lines is shown below Direct materials Direct labor Manufacturing overhead Cost Of goods sold 2ee S 162, we $ 120,9ee $ 42,80e s 563.oe 163,700 494 015 The company nas created an activity-based costing system to evaluate the profitability of its products_ Hi-Tek's ABC implementation team concluded that $61,000 and $108,000 of the company's advertising expenses could be directly traced to 8300 end TSOO, 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 tour activities as shown below: . Activity Cost pool (and Actiy*ty Machining (machine-hours) Setups (setup hours) Product-sustaining (number of products) (Organization-sustaining coSts)' Total manufacturing overhead cost AcuVity' Cost pool (ang Activity Machining (machine-hours) (setup hours) Product-sustaining (number of products) (organization- sustaining costs) ' overhead cost Required: ManUfacturing overhe ad 126,849 lee, 40e 6e , 900 s 494,015 B3ee 90 4ee 72 Manufacturing Overhead $ 205,875 126,84e 100,aee 6e goe $ 494,015 Act T5ee 62,100 B3eo 90, ae 72 1 Total 152,500 302 Activity - T5 62,1ee 230 1 otal 152, 302 2 I. Compute the product margins for the B300 and T500 under the company's traditional costing system. 2. Compute the product margins for B300 and TSOO 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 i": the tabs below. Required 1 Required 2 Required 3 Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations places and "Percentage" answers to 1 decimal place and and other answers to the nearest whole dollar amounts.) Total Amount Traditional Cost System Total cost assignedgo products