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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 IIne consists of trousers (

image text in transcribed Fleet Street Incorporated a manufacturer of high-fashion clothing for women, Is located in South London in the UK. Its product IIne consists of trousers ( 24% ), skirts (37\%), dresses ( 14%), and other ( 25%). Fleet Street has been using a volume-based rate to assign overhead to each product; the rate it uses is 2.92 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 activitles. The total conversion cost (labor and overhead) for the eight activitles, after allocation to the trousers Ine, is as follows: Requlred: 1. Determine the profit margin for trousers using ABC

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