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 $2\mathrm{.}04$ 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