Hi, help please!

please answer all clearly and correctly! its only one problem with different sections please HELP ME OUT!!!!

Hel Chapter 5 Required Problem 1 Hi-Tek Manufacturing, Inc., makes two types of industrial component parts--the B300 and the T500. An absorption costing income statement for the most recent period is shown 30 point tak wanita turing the Thcome statement Salon cout of goods sold Gross margin Selling and administrative expenses Hot operating loob $1,765,800 1.234.300 531,000 550.000 5 (19,000) ped BH Hi-Tek produced and sold 60,500 units of 8300 at a price of $21 per unit and 12,700 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: 3300 7500 Total Direct materials $ 400,700 S162,500 563,200 Direct labor $ 120,500 $ 42,300 262.800 Manufacturing overhead 508,800 Cost of goods sold 51,234,800 References The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC implementation team concluded that $56,000 and $105,000 of the company's advertising expenses could be directly traced to 1300 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 Boty Cont pool and Activity Measure) Overhead 3300 1500 Total Machining machine-hours) $ 199,680 90.900 62.700 153.600 Batue (setup hours) 147, 420 71 280 351 Produt-sustaining number of producto 101,400 1 2 other organisation staining costa 50/300 OX total manufacturing overhead cost $ 508,000 1 TA Saved ter 5 Required Problem distributed the company's manufacturing overhead to four activities as shown below: 1 Activity Cost Pool and Activity Measure) Machining machine-hours) Setups (setup hours) Product- staining (number of products other organization-sustaining costs) Total manufacturing overhead cont Manufacturing Overhead $ 199,680 147.420 101,400 60300 $ 508,800 Activity 3300 T500 Total 90,900 62,700 153,600 71 280 351 1 1 2 NA NA NA poed 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. Book Complete this question by entering your answers in the tabs below. rences Required 1 Required 2 Required 3 Compute the product margins for the B300 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 0 RE Required 2 > Seved distributed the company's manufacturing overhead to four activities as shown below: Activity Cost Pool (and activity Measure) Machining (machine-hours) Setup (setup hours) Product-sustaining (number of products) Other (organization-sustaining costs) Total manufacturing overhead coat Manufacturing Overhead $ 199,680 147, 420 101,400 60,300 $ 508,800 Activity B300 1500 Total 90,900 62,700 153,600 72 280 351 1 1 2 NA NA 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 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.) 3300 T500 Total Product margin $ 0 Sad apter 5 Required Problem Complete this question by entering your answers in the tabs below. 1 Required Required 2 Required 3 Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2 decimal places and Percentage answers to 1 decimal place and and other answers to the nearest whole dollar amounts.) 0300 T500 Total of % of Amount Amount Amount Traditional Cost System ook Terences Total cost assigned to products $ $ 5 O Total cost $ 0 Total 81300 sof Total Amount T500 Sof Total Amount Amount Amount Amount Adivity-Based Costing System Direct costs Indirect costs % S $ $ 0 0 Total cost assigned to products Coats not signed to products Total cost $ 0 Required 2