Problem 7-17 (Algo) Comporing Traditional and Activity-Based Product Margins [LO7-1, LO7-3, LO7-4, [07.5] Smoky Mountan Copporation makes two types of hiking boots-the Xtreme and the Pathifindec, Data concerning these two product lines appear below The company has a traditional costing system in which manufacturing overhead is applied to unts based on direct tabor-hours: Data concerning manufacturing overhead and direct laborthours for the upconing year appear below: Required: 1. Compute the product margins for the Xereme and the Pathfinder products under the company/s traditional costing system. 2. The company is considering replacing its traditional costing system with an activity based costing system that would assign is. manufacturing owechead to the following four activity cost pools (the Ocher cost poof includes. organization sustaining costs and idle capacify costs): Compute the product margins for the Xtreme and the Pathinder products under the activity based costing system. 3. Prepare a quantitathe comparison of the tradinonsil and activity.based cost bssionments Coenptete thik questien by enterieg yoar anwwers in the tabs below