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 (29%), skirts (35%), dresses (14%), and other (22%). Fleet Street 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 Price (all figures in E) Total revenue Direct materials Direct labor Overhead (volume-based) Total product cost Nonmanufacturing expenses Total cost Profit margin for trousers 11,000 31.01 341, 110 56,000 187, eee 29,150 272,150 50, see 322,950 18,160 Recently, Fleet Street 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 Grading Lay planning Sewing Finishing Inspection Boxing up Storage 30,080 25,700 25,000 28,700 19, 180 8,5ee 4,600 9,200 Recently, Fleet Street 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 Grading Lay planning Sewing Finishing Inspection Boxing up Storage 38,888 25,700 25, eee 28,7ee 19,10 8,500 4.600 9,200 Required: Determine the profit margin for trousers using ABC. Profit margin