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
Compute the product margins for B and T under the company's traditional costing system. Compute the product margins for B and T under the activitybased costing system. Prepare a quantitative comparison of the traditional and activitybased cost assignments. Please show work to understand thank you!
HiTek Manufacturing, Incorporated, makes two industrial component partsB and T An absorption costing income statement for the most recent period is shown below:
tableHiTek Manufacturing, IncorporatedIncome Statement,$
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