PLEASE ANSWER EACH QUESTION CORRECTLY! IF SO, I WILL LEAVE AN UPVOTE!

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. 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. 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 slgn. Round your Intermediate calculations to 2 decimal places. H.Tek Manufacturing, incorporated, makes two industial component parts-B300 and T500. An absorption costing income statement for the most recent period is shown below: HI-Tek produced and sold 60,300 units of 8300 at a price of $20 per unit and 12,500 units of T500 at a price of $39 per unit. The company's traditional cost system allocates manufacturing overhead to products using o plantwide overheod 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 protitability of its products. Hi-Tek's ABC implementation team concluded that 551,000 and $108,000 of the company's advertising expenses could te directly traced to 8300 and T 500 , respectively. The remainder of the seling and administrattwe expenses was organizationsustaining in nature. The ABC fearn also distributed the company's manufacturing overheod to four activities as. shown below