HI-Tek Manufacturing, Inc., makes two types of Industrial component parts-the B300 and the T500. An absorption costing Income statement for the most recent period is shown: HI-Tek produced and sold 70,000 unlts of B 300 at a price of $20 per unit and 17,500 unlts of T500 at a price of $40 per unlt. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product Ines is shown below: The company has created an actlvity-based costing system to evaluate the profitability of its products. HI-Tek's ABC Implementation team concluded that $50 , 000 and $100 , 000 of the company's advertising expenses could be directly traced to B300 and T500, respectlvely. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company's manufacturing overhead to four activitles as shown below: Required: 1. Compute the product margins for the B300 and T500 under the company's traditional costing system. 2. Compute the product margins for B 300 and T 500 under the actlvity-based costing system. 3. Prepare a quantltative comparison of the traditional and actlivity-based cost assignments. Complete this question by entering your answers in the tabs below. Compute the product margins for the B300 and T500 under the company's traditional costing system. Complete this question by entering your answers in the tabs below. Compute the product margins for B 300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.) 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.)