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Division A of Hoover Inc. transfers its product to Division B. Division B can either buy the item internally or externally (cost = $75 each). Division A has just completed its annual cost update as follows:
Direct material $25.00Direct labor 18.75Variable manufacturing overhead 6.25Fixed manufacturing overhead 5.00Variable selling expenses 3.75Fixed selling and administrative expenses 7.50
Total costs $66.25Desired return 13.75Sales price $80.00
Division A is operating at 80 percent of its 500,000 unit capacity.
Required:
1) What is the minimum transfer price Division A should charge for internal transfers?
2) What is the maximum price Division B would be willing to pay?
3) Why should Division A reduce its price to Division B?
Gore Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2008, Gore reacquired 100 shares at $85 per share. On September 1, Gore reissued 60 shares at $90 per share.
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