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 (45%), skirts (35%), dresses (15% ), and other (5%). Fleet Street has been using a volume-based rate to assign overhead to each product; the rate it uses is 2.25 per unit produced. The results for the trousers line, using the volume-based approach, are as follows: Number of units produced 10,000 Price (all figures in E) 20.525 Total revenue 205,250 Direct materials 33,750 Direct labor 112,500 Overhead (volume-based) 22,500 Total product cost 168,750 Nonmanufacturing expenses 31,500 Total cost 200,250 Profit margin for trousers 5,000 es 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 22,000 19,000 18,500 Finishing Inspection Boxing up Storage. Required: 21,000 14,300 6,500 3,500 7,000 Determine the profit margin for trousers line using ABC. Profit margin