please answer in same format as chart

Hi-Tek Manufacturing, Incorporated, makes two types of Industrial component parts the B300 and the T500. An absorption costing Income statement for the most recent period is shown: Hi-Tek Manufacturing Incorporated Income Statement Sales Cost of soods sold Gross margin Selling and administrative expenses Net operating loss $1,659,600 1,216,90 422,620 580.000 $ (157,380) Hi-Tek produced and sold 60,400 units of B300 at a price of $19 per unit and 12.800 units of T500 at a price of $10 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. B300 $ 400,800 $ 129,800 T500 $ 162,300 $ 42,300 Direct materials Direct labor Manufacturing overhead Cost of goods sold Total $ 563, 100 163, 100 510,780 $ 1,236,980 The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $50,000 and $100,000 of the company's advertising expenses could be directly traced to 1300 and 1500, 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 $ 201,960 146,520 10 DA B300 90,600 73 Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Dundutan Andre Activity 1500 62,400 260 1 Total 153,000 333 Next > Activity Cast Pool (and Activity Measure) Machining (machine-hours) Setups (etup hours) Product sustaining number of products Other (organization-sustaining costs) Total manufacturing overhead cost Manufacturing Overhead $201.960 146.520 101,300 60, 500 $ 510,780 300 50,600 73 1 Total 151.000 Activity 1500 62.400 260 1 NA MA 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 1500 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 Required 2 > Required 1 Required 2 Required 3 Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins sh be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.) B300 T500 Total $ 0 Product margin Required 1 Required 3 > 7 of 9 (00 CW Hered 1 Required 2 Recured Prepare a quantitative comparison of the traditional and activity based cont assignments Round your intermediate con todecim places and Percentage answers to 1 decimal place and and other answers to the nearest whole of wount) B300 T500 of of Total Amount Amount Amount Traditional Cost System Q $ $ 0 Total cost assigned to products 5 Total cost B.300 T500 Total Amount % of Total Amount of Total Amount Amount Amount Activity Based Costing System Direct costs 3300 The Total Amount % of Total Amount Amount of Total Amount Amount Activity-Based Costing System Direct costs Indirect costs 0 $ 0 $ Total cost assigned to products Costs not assigned to products $ 0 Total cost RO