Hello! I'm needing help with the steps to completing this. I want to understand how to compute product margins given the information present, and I'm a little stumped. Thank you!

Problem 7-17 Rocky Mountain Corporation makes two types of hiking boots-Xactive and the Pathbreaker. Data concerning these two product lines appear below: Xactive Pathbreaker Selling price per unit . . . $127.00 $89.00 Direct materials par unit . . $64.80 $51.00 Direct labor per unit . . . . . $18.20 $13.00 Direct labor-hours per unit . . 1.4 DLHS 1.0 DLHs Estimated annual production and sales ..... . 25,000 units 75,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below; Estimated total manufacturing overhead....... $2,200 000 Estimated total direct labor-hours . . . . . .. . . 110,000 DLHS Required: 1. Using Exhibit 7-12 as a guide, compute the product margins for the Xactive and the Path- breaker products under the company's traditional costing system