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Fleet Street Incorporated a manufacturer of high - fashion clothing for women, is located in South London in the UK . Its product line consists

Fleet Street Incorporated 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 volume-based 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:
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:
Required:
Determine the profit margin for trousers using ABC.
Profit margin
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