$1$

Problem $7-16($Algo$)$ Comparing Traditional and Activity$-$Based Product Margins $[$LO$7-1,$ LO$7-3,$ LO$7-4,[07-5]$

Hi$-$Tek Manufacturing, Incorporated, makes two industrial component parts$-$B$300$ and T$500.$ An absorption costing income statement for the most recent period is shown below:

$\backslash$table$[[$Hi$-$Tek Manufacturing, Incorporated$],[$Income Statement,$$1,712,000$