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Fleet Street Inc., a manufacturer of high-fashion clothing for women, is located in South London...

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Accounting

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 (27%), dresses (11%), and other (33%). Fleet Street has been using a volume-based rate to assign overhead to each product; the rate it uses is 2.20 per unit produced. The results for the trousers line, using the volume-based approach, are as follows:

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CoursHeroTranscribedText: Humber of units produced 14,666 Price [all figures in E) 24.42 Total revenue 341,866 Direct materials 56,266 Direct labor 163,566 Overhead (volume-based} 36,866 Total product cost 2?4,E66 Honmanufacturing expenses 51,466 Total cost 326,666 Profit margin for trousers 15,383 ' Pattern cutting 33,666 Grading 13,266 Lay planning 2?, 566 Sewing 31,1566 Finishing 26,966 Inspection 9,366 Boxing up 5,166 Storage 16,266

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