QSearch Getting Started Apple Disney ESPNYahool Mathway) Algebra ter 7 Hw Help Save &Exit Submit Check my work 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: Hi-Tek Manufacturing Inc. Income Statemont Cost of goods sold Cross margin Selling and administrative expenses Net operating loss $ 1,757,700 1,234,784 522,916 630,000 pped $(107,084) Book rntHi-Tek produced and sold 60,300 units of B300 at a price of $21 per unit and 12.600 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: rences B300 T500 $ 162,100 |||?Total s 401,000 s 120,000 42.B00 63,100 162,800 Direct materials Direct labor Manufacturing overhoad Cost of goods soled 1,234.784 The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek's ABC dish