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Calculation cost to make a product.
The Parts Division sells Product A for $14.25 on the outside market. Lately the market for Product A has slowed down and there is idle capacity in the Parts Division. The costs to make Product A as recorded by the company's cost accounting system are:
Direct materials
$7.25
Direct labor
$2.25
Variable manufacturing overhead
$1.50
Fixed manufacturing overhead
$2.50
The Assembly Division of the same company needs a part that is just like Product A. The Assembly Division can choose whether to buy Product A from an outside supplier for $14.15 or buy it internally from the Parts Division. What is the lowest transfer price the Parts Division would accept for Product A?
a) $1.50
b) $11.00
c) $13.50
d) $14.25
Will the decision about the transfer price affect consolidated total income? Which technique would be easiest for the company's accountant to administer? As the company's accountant, what advice could you provide to these officials?
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goode companyworksheet partialfor the month ended april 30 2008adjusted
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