Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Data concerning these two product lines appear below Selling price per unit Xtreme Pathfinder $ 115.00 $84.00 Direct materials per unit $ 65.50 $54.00 Direct labor per unit $ 13.00 18.00 Direct labor-hours per unit Estinated annual production and sales 1.7 DLHS 33,000 units 1. OLS 61,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below. Estimated total manufacturing overhead Estimated total direct labor-hours Required: $ 1,756,500 117,100 DLHS 1. Compute the product margins for the Xtreme 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 its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs Activities and Activity Measures Supporting direct labor (direct labor-hours) Batch setups (setups) Product sustaining (number of products) Other Total manufacturing overhead cost Estinated Expected Activity Overhead Cost Xtreme Pathfinder Total $526,950 56,100 790,000 440 61,000 350 117,100 790 400,000 2 39,550 NA NA NA $ 1,756,500 Compute the product margins for the Xtreme and the Pathfinder products 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 Xtreme and the Pathfinder products under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount Product margin Xtreme Pathfinder Total Required 1 Required 2 Required 3 Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system (Round your intermediate calculations to 2 decimal places.) Product margin Xtreme Pathfinder Total 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.) Xtreme Pathfinder % of % of Total Amount Total Amount Amount Amount Total Amount Traditional Cost System Total cost assigned to products Xtreme Pathfinder % of % of Total Amount Amount Total Amount Amount Total Amount Activity-Based Costing System Direct costs: Indirect costs: Total cost assigned to products Costs not assigned to products: Total cost