Please help solve question (1, Ch. 5 HW homework). Will rate thumbs up if correct. Thank you!

Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Data concerning these two product lines appear below: Selling price per unit Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production and sales Xtreme $ 120.00 $ 63.30 $ 17.00 1.7 DLHS 22,000 units Pathfinder $ 87.00 $ 52.00 $10.00 1.0 DLHS 76,000 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 Estimated total direct labor hours $ 1,927,800 113,400 DLHS Required: Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign Its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs Activities and Activity Measures Supporting direct labor (direct labor-hours) Batch setups (setups) Product sustaining (number of products) Other Total manufacturing overhead cost Estimated Overhead Cost $ 703,080 480,000 700,000 44,720 $ 1,927,800 Expected Activity Xtreme Pathfinder Total 37,400 76,000 113,400 220 180 400 1 1 2 NA NA NA Batch setups (setups ) Product sustaining (number of products) Other Total manufacturing overhead cost 480,000 700,000 44,720 $ 1,927,800 220 1 NA 180 1 NA 400 2 NA Compute the product margins for the Xtreme and the Pathfinder products 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 the Xtreme and the Pathfinder products under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Xtreme Pathfinder Product margin Required Required 2 > Total $ Batch setups (setups) Product sustaining (number of products) Other Total manufacturing overhead cost 480,000 700,000 44,720 $ 1,927,800 220 1 NA 180 1 NA 400 2 NA Compute the product margins for the Xtreme and the Pathfinder products 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 the Xtreme and the Pathfinder products under the activity-based costing system. (Round your intermediate calculations to 2 decimal places.) Xtreme Pathfinder Total Product margin $ 0 Required 1 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.) Total Xtreme % of Amount Total Amount Pathfinder % of Amount Total Amount Amount Traditional Cost System % 96 % % % % 0 $ $ 0 S 0 Total cost assigned to products Total Xtreme % of Amount Total Amount Pathfinder % of Amount Total Amount Amount Activity-Based Costing System Direct costs Direct labor Direct materials Indirect costs: % % 96 % 96 % % % 96 $ 0 $ $ Total cost assigned to products Costs not assigned to products. $ 0 Total cost