Fleet Steet Inc., a manufacturer of high-fashion clothing is located in South London in the UK. Its product line consists of trousers (29%), dresses (14%), and other (22%). Fleet Street Inc. has been using a volume based rate to assign overhead to each product: the rate it uses is 2.65 per unit produced. the results for the trousers line, using the volume based approach, are as follows:

Number of units produced 11,000

Price 31.01

Total Revenue341,110

Direct Materials 56,000

Direct Labor187,000

Overhead (volume-based) 29,150

Total Product Cost 272,150

Nonmanufacturing Expenses 50,800

Total Cost 322,950

Profit Margin for trousers18,160

Recently it conducted a further analysis of the trousers line of product, using ABC. In the study, eight activities were identified and direct labor was assigned to the activities. The total conversion cost (labor and overhead) for the eight activities, after allocation to the trousers line is as follows:

Pattern Cutting 30,080

Grading 25,700

Lay Planning25,000

Sewing 28,700

Finishing 19,100

Inspection 8,500

Boxing UP 4,600

Storage9,200

Determine the profit margin for trousers using ABC....please show the work so I will know how to work this problem in the future.