Fleet Street Inc., a manufacturer of high-fashion clothing for women, is located in South London in the UK. Its product line consists of trousers (21%), skirts (33%), dresses (13%), and other (33%). Fleet Street has been using a volumebased rate to assign overhead to each product; the rate it uses is 2.04 per unit produced. The results for the trousers line, using the volume-based approach, are as follows: Number of units produced 14,000 Price (all figures in E) 24.28 Total revenue 339,920 Direct materials 55,800 Direct labor 186,300 Overhead (volume-based) 28,560 Total product cost 270,660 Nonmanufacturing expenses 50,500 Total cost 321,160 Profit margin for trousers 18.760 ' Recently, Fleet Street conducted a further analysis of the trousers line of product, using ABC. In the study, eight activities were identied, 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 31,840 Grading 27,200 Lay planning 26,500 Sewing 30,400 Finishing 20,200 Inspection 9,000 Boxing up 4,900 Storage 9,800 ' Required: Determine the prot margin for trousers using ABC. :|