please break down how you got manufacturing overhead under the traditional cost system. note percentages of total amount. thank you!

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 $ 1,541,900 Cost of goods sold 1.254,614 Gross margin 387,286 Selling and administrative expenses 50,000 Net operating loss $(192,214) Hi-Tek produced and sold 60,300 units of 8300 at a price of $19 per unit and 12.500 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. 100 1500 Total Direct materials $400, 500 $ 162,500 $. 56), 100 Direct labor $ 120,600 $ 49,900 163,500 Manufacturing overhead 527,816 Cost of goods sold $ 1,254,614 The company has created an activity based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $59,000 and $101.000 of the company's advertising expenses could be directly traced to 1300 and 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 four activities as shown below. Manufacturing Activity Activity. Cost Pool and Activity ) Overhead TSO Total Machine (sthine hours) $207,266 90,200 62,00 152,400 Sutes ( shows) 18.350 73 Produitsutaminer of products) 101.200 2 Other (orizati sustinere cos) MA 20 1 The company has created an activity based costing system to evaluate the profitability of its products. Hi Tek's ABC implementation team concluded that $59.000 and $101,000 of the company's advertising expenses could be directly traced to 1300 and T500, 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. Activity Cost Pool and Activity Measure) Machining machine hours) Setups (setup hours) Product sustaining (number of products) Other (organization sustaining costs) Total manufacturing overhead cost Manufacturing Overhead $207,264 158,050 101,200 0,500 $ 527,014 B100 90,200 73 1 NA Activity T500 52,200 280 1 NA Total 152,400 353 2 WA Required: 1. Compute the product margins for the 200 and 1500 under the company's traditional costing system. 2. Compute the product margins for B300 and 1500 under the activity based costing system. 2. 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 Prepare a quantitative comparison of the traditional and activity based cost assignments (Round your intermediate clicans to declina places and Percentage answers to 1 decimal place and and other answers to the nearest whole dollar amounts) B.300 T500 Total Amount Around Amour Traditional assi 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 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.) 8300 T800 Total Product margin $ 0 Route Required 2 > Une aitonal and activity-based cost assignments. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the product margins for B300 and TSOO under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.) Total Product margin B300 355,678 T500 (67,892) 287,786 Required 1 Required 2 Required 3 Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2 dec places and percentage answers to 1 decimal place and and other answers to the nearest whole dollar amounts.) 8300 T500 of % of Total Amount Amount Amount $ Traditional Cost System Direct materials Direct labor Manufacturing overhead Total cost assigned to products Selling and administrative Total cost 400 500 120.000 : 162.800 42.000 $ 521,100 205,700 $ 563.300 163,500 527 814 $ 1.254.614 500.000 $ 1834,614 B300 T500 Total Amount Amount of Total Amount 5 of Total Amount Amount Activity-Based Costing System Direct costs Direct labor Direct materials > $ $ 120.000 400.500 5 42.900 109.800 163.500 503 300 B300 T500 Total Amount Amount % of Total Amount % of Total Amount Amount S $ $ 3 120,600 400 500 59,000 42,000 162,800 101,000 163,500 563,300 160,000 Activity-Based Costing System Direct costs Direct labor Direct materials Advertising expense Indirect costs Machining Setups Product sustaining Total cost assigned to products Costs not assigned to products Other Selling and administrative Total cost 122,672 32.850 DI 84,592 126,000 50,600 567 892 50 600 OO 500 207 264 158,850 101,200 1,354,114 500 S 786 222 s 0 0 80,500 $ 1.414,614