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Hi-Tek Manufacturing, Incorporated, makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek produced and sold 60.400 units of 8300 at a price of $20 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: The company has created an activity-based costing system to evaluate the profitability of its products. Hi.Tek's ABC implementotion team concluded that $55,000 and $106,000 of the company's advertising expenses could be directly traced to 8300 and T500. respectively. The remainder of the seling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company's manufacturing overhead to four activities as shown below. Required: 1. Compute the product margins for the B300 and 1500 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. Compute the product margins for the B300 and T500 under the company's traditional costing systen intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Compute the product margins for B300 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.) Hrepare a quanutative companson or tne uraoitonai and activity-based cost assignments: fround your intermeolate caicura