Question: 1 . Compute the product margins for B 3 0 0 and T 5 0 0 under the company's traditional costing system. 2 . Compute

1.Compute the product margins for 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. Please show work to understand thank you!
Hi-Tek Manufacturing, Incorporated, makes two industrial component parts-B300 and T500. An absorption costing income statement for the most recent period is shown below:
\table[[Hi-Tek Manufacturing, Incorporated],[Income Statement,$1,646,800
1 . Compute the product margins for B 3 0 0 and T

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