Fleet Street Inc., a manufacturer of highfashion clothing for women, is located in South London in the UK. Its product line consists of trousers (30%), skirts [2996), dresses (14%}, and other [27%]. Fleet Street has been using a volumebased rate to assign overhead to each product; the rate it uses is 2.37 per unit produced. The results for the trousers line, using the volumebased approach, are as follows: Number of units produced 15,666 Price (all figures in E) 27.62 Total revenue 465,366 Direct materials 66,?66 Direct labor 222,666 Overhead (volumebased) 35,556 Total product cost 324,856 Nonmanufacturing expenses 66,666 Total cost 385,456 Profit margin For trousers 19,856 Recently, Fleet Street conducted a further analysis ofthe 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 39,166 Grading 33,?66 Lay planning 32,866 Sewing 37,466 Finishing 25,266 Inspection 11,166 Boxing up 6,666 Storage 12,666 | Required: Determine the prot margin for trousers using ABC. _:|