please answer required 1,2, and 3 and show all work

Required: 1. Compute the product margins for the B300 and 1500 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 the B300 and T500 under the company's traditional costing 5y stem. (Round your intermediate calculations to 2 decimal places and finat answers to the neareat whole dollar amount.) The company has created an activity-based costing system to evaluate the profitability of its products. HI-Tek's ABC implementation team conduded that $58,000 and $110,000 of the company's advertising expenses could be directly traced to B300 and T500. respectively. The remainder of the seling and administrative expenses was organization-sustaining in nature The ABC team, also distributed the company's manufacturing overhead to four activities as shown below Required: 1. Cornpute the product margins for the B300 and T500 under the company's traditional costing system. 2. Compute the product margins for 8300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the tracitional and activity based cost assigniments Hi-Tek/Manufacturing. Incorporated, makes two types of industrial component parts-the 8300 and the T500. An absorption costing incomestatement for the most recent period is shown: Hi- Tek produced and sold 60,200 units of 8300 at a price of $20 per unit and 12,500 units of 1500 at a price of $39 per unit. The company's traditional cost system aliocates manufacturing overhead to products using a plantwide overhead rate and direct labor doilats as the allocation base. Additional information felating to the company's two product lines is shown below The company has cieated an activey based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team coneladed that $58,000 and $110,000 of the company's advertising expenses could be directly traced to 8300 and 1500 . respectively. The reinainder of the selling and administ atvere expenses was organizationsustaining in nature. The ABC team also \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{B300} & \multicolumn{2}{|c|}{T500} & \multirow{3}{*}{ Total Amount } \\ \hline & \multirow[b]{2}{*}{ Amount } & \multirow{2}{*}{%ofTotalAmount} & \multirow[b]{2}{*}{ Amount } & \multirow{2}{*}{%ofTotalAimount} & \\ \hline & & & & & \\ \hline Activity-Based Costing System & n & & & & \\ \hline Direct costs & 2 & & & & \\ \hline & & B12 & & & WII \\ \hline & & Din & & & 1111111 \\ \hline & & 111 & & & \\ \hline Indirect costs & & 71 & & & \\ \hline \begin{tabular}{|c|c|} Whin \\ \end{tabular} & & 31 & 111 & & 71 \\ \hline & 178 & 111 & 1111 & & \\ \hline & & & & & \\ \hline Total cost assigned to products & 51 & & $ & & e. \\ \hline Costs not assigned to products: & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline Total cost A A A A H & 40 & & & & 50 \\ \hline \end{tabular} Prepare a quantitative comparison of the traditional and activity-based cost assignments. (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.) 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. (Negative product margins shoold be indicated by a minus sign. Hound your intermediate calculations to 2 decimal placell. \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{B300} & \multicolumn{2}{|c|}{T500} & \multirow{3}{*}{ Total Amount } \\ \hline & \multirow[b]{2}{*}{ Amount } & \multirow{2}{*}{%ofTotalAmount} & \multirow[b]{2}{*}{ Amount } & \multirow{2}{*}{%ofTotalAimount} & \\ \hline & & & & & \\ \hline Activity-Based Costing System & n & & & & \\ \hline Direct costs & 2 & & & & \\ \hline & & B12 & & & WII \\ \hline & & Din & & & 1111111 \\ \hline & & 111 & & & \\ \hline Indirect costs & & 71 & & & \\ \hline \begin{tabular}{|c|c|} Whin \\ \end{tabular} & & 31 & 111 & & 71 \\ \hline & 178 & 111 & 1111 & & \\ \hline & & & & & \\ \hline Total cost assigned to products & 51 & & $ & & e. \\ \hline Costs not assigned to products: & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline Total cost A A A A H & 40 & & & & 50 \\ \hline \end{tabular}