the 300 and the 1500. An absorption costing income statement for the most recent period is shown below. H-Tok Manufacturing Inc. makes two types of industrial component parts H ak Manufacturing Inc Income Satamant Cost of goods sold $ 1.761.500 Selling and administrative expenses 120,000 Not operating loss H-Tok produced and sold 60 500 units of 300 at a price of 521 per un and 12.500 units of T500 at a price of 539 por unt. The company's traditional cost system allocates manfacturing overhead to products using a plantide overhead rate and direct labor dollars as the location base. Additional information relating to the company's to product lines is shown below $ 120,200 $ 42.800 Direct labor Manufacturing over Cast of goods sold The company has created an activity-based costing system to evaluate the profitability of its products Hi-Toks ABC implementation team concluded that $54000 and $107.000 of the companys advertising expenses could be directly traced to B300 and T500, respectively. The remainder of the selling and administrative expenses was organizon-sustaining in nature. The ABC am also distributed the company's manufacturing overhead to four activities as shown below: - 152, 100 Activity Cost Pool and Adity Mossun Machining machine hours Product Gustaining inumber of products Other organization-sustaining costs Total matching overhead 90.000 74 NA TO 62.100 280 NA Required 1. Compute the product margins for the 200 and T500 under the companys traditional costing system (Do not round your overhead rata. Round your other intermediate and final answer to the nearest whole number Product margin 2. Compute the product margins for 300 and 500 under the activity based costing system. Negative produot margint chould be indiosted by a minuccion. Round your intermediate osloulation 2 mal places 3300 600 Total Product margin 3. Prepare a quantitative comparison of the traditional and activity-based coal assignments. Do not round your overhead rate Round your other intermediate caloulation and finantwors to the nearest whole number. Round your "Paroontaanivar to 1 almal piscal...1234 should be antarad a 12.3 8900 T500 Total op Total Amount of Total Amount Amount Amount Amount Tacional Cost System Total cost asigned to products Total cost T500 Total Amount Total Amount Amount Total Amount Amount Activity-Based Casing System Direct costs: Indirect costs 21 22 Total cost assigned to products Costs not assigned to products Total cost