Please provide breakdown on how you derived at your answers. Thank you!

Hi-Tek Manufacturing, Inc., makes two types of industrial component parts--the B300 and the T500A most recent period is shown 3 Hi-Tex Manufacturing Ine Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating less 1,053,000 1.213.095 440,005 500.000 (140,195) Hi-Tek produced and sold 60,100 units of B300 at a price of S19 per unit and 12.800 units of T500 at a price of 540 per traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labels base. Additional information relating to the company's two product lines is shown below 1300 T500 Total Direct materials $ 400,300 $ 102 000 $ 563.200 Direct labor $ 120.000 $ 42.600 163.200 Manufacturing overhead 453.695 Cost of goods sold $ 1.213.095 The company has created an activity-based costing system to evaluate the profitability of its products Hi-Teks ABC imple that $52,000 and $109,000 of the company's advertising expenses could be directly traced to B300 and T500 respective selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company to four activities as shown below. B300 90.800 Activity T600 02 703 220 158 530 Manufacturing Overhead $ 204,155 120.540 101.800 60.200 $ 486.896 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 1 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 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. Required 1 Required 2 Required 3 Compute the product margins for the B300 and T500 under the company's traditional costing system. Re intermediate calculations to 2 decimal places and final answers to the nearest vihole dollar amount B300 T500 Total $ 260,406 $ 179, 126 S439,532 Product margin Required 2 >