Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Data concerning these two product lines appear below Xt rene Pathfinder Selling price per unit Direct materials per unit Direct labor per unit Direct l abor-hours per unit Est imated annual production and sales 120.00 $ 63.60 $12.00 $ 87.00 $ 55.00 $10.00 1.2 DLHs 25, 000 units 1.0 DLHs 72,000 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 S 2,040,000 Est imated total manuf act uring over head Est imated total direct Iabor-hours 102,000 DLHs Required 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) Est imated Expected Activity Activities and Activity Measures Support i ng direct labor (di rect labor-hours) Batch setups (set ups) Product sustaining (number of product s) Over head CostXtreme 250 NA Pat hfi nder Total $ 622,200 644,000 700,000 73,800 2,040,000 30,000 72,000 210 102,000 460 NA NA Total manufact ur ing overhead cost 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.) Xtreme Pathfinder Total Product margin Required 1 Required 2 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.) Xtreme Pathfinder Total Product margin Xtreme Pathfinder Total %of %of Amount Total Amount Amount Total Amount Amount Traditional Cost System Direct materials Direct materials Manufacturing overhead Total cost assigned to products Xtreme Pathfinder Total %of %of Amount Total Amount Amount Total Amount Amount Activity-Based Costing System Direct costs Direct materials Direct labor Indirect costs Supporting direct labor Batch setups Product sustaining Total cost assigned to products Costs not assigned to products Other Total cost