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T E Help Save & Exit Subrmit 2 Hi-Tek Manufacturing, Inc.,. makes two types of industrial component parts-the 8300 and the T500. An absorption costing income statement for the most recent period is shown: % Cost of goods sold Gross margin 1,641 ,eee 1,245,234 395,766 Pint (214,234) Hi-Tek produced and sold 60,300 units of 8300 at a price of $19 per unit and 12.700 units of T500 at a price of $39 per unit The 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