very clnfused please help (:

Tek Manufacturing Incorporated Income Statement Sales $ 1,701,400 Cost of goods sold 1,223,148 Gross margin 478,252 Selling and adeinistrative expenses 590,000 Net operating loss (111,748) Hi-Tek produced and sold 60,500 units of B300 at a price of $20 per unit and 12,600 units of T500 at a price of $39 per unit. 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 lines is shown below. 3320 T500 Total Direct materials $ 4,900 $ 162,200 $56.3,10 Direct labor $ 120,100 $42,400 163,200 Manufacturing overhead 49584 Cost of boods sold $1,223,140 100 T500 The company has created an activity-based costing system to evaluate the profitability of its products HI-TEKS ABC implementation team concluded that $59.000 and $107.000 of the company's advertising expenses could be directly traced to 8300 and T500, respectively. 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 activities as shown below Manufacturing Activity Activity Control and Activity Measure) Overhead Total Machining chine.hours) 3.203,04 90,10 62,100 152,200 Set (setup hours) 173.00 N92 Product sustain (ber of seeds) 10,6 + 1 Other girtin tutti cott) Total manufacturing when cont Required: 1. Compute the product margins for the 300 and 7500 under the companys traditional costing system 2. Compute the product margins for 3000 and 7500 under the activity-based costing system 3. Prepare a quantitative companion of the traditional and activity based cost assignments 72 220 NA NA distributed the company's manufacturing overhead to four activities as shown below. Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-sustaining number of products) Other (organization-sustaining costs) Total manufacturing overhead cost Manufacturing Overhead $ 203,948 131,400 188,600 60, 980 $ 496,848 B300 981ee 72 1 NA Activity T500 62, 100 220 1 NA Total 152, 2ee 292 2 NA Required: 1. Compute the product margins for the B300 and T500 under the company's traditional costing system 2 Compute the product margins for B300 and T500 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 8300 and T500 under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) B300 T500 Total Product margin Finni Required 2 > distributed the company's manufacturing overhead to four activities as shown below. Manufacturing Overhead $ 203,948 131,488 100,600 60,900 $ 496,848 Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product-sustaining (number of products) Other (organization-sustaining costs) Total manufacturing overhead cost Activity T500 62,100 220 B300 90, 100 72 1 NA Total 152,200 292 2 NA 1 NA Required: 1. Compute the product margins for the B300 and 1500 under the company's traditional costing system. 2 Compute the product margins for B300 and T500 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 produel margins for 8300 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.) B300 T500 Total Product margin places and Percentage answers to 1 decimal place and and other answers to the nearest whole dollar amounts) B300 T500 of OY Total Amount Amount Amount Traditional Cost System Total cost assigned to products Total cost 3300 T500 Total Amount of Total Amount Amount Amount Total Amount Activity-Based Costing System Direct costs Indirect costs Total cost assigned to products Costs not assigned to products B300 T500 Total Amount of Total Amount 36 01 Total Amourit Amount Amouny Activity-Based Costing System Direct costs Indirect costs: Total cost assigned to products Costs not assigned to products: Total cost