1) Alexia Corporation has two divisions, Refining and Extraction. The company's primary product is LukollO, Each division's costs are provided below. Extraction: Variable costs per barrel of oll $10 Fixed costs per barrel of oll 57 Refining: Variable costs per barrel of oil $26 Fixed costs per barrel of oil $37 The Refining Division has been operating at a capacity of 40.000 barrels a day and usually purchases 26,000 barrels of oil from the Extraction Division and 15,300 barrels from other suppliers at $63 per barrel. Compute the transfer price per barrel from the Extraction Division to the Refining Division assuming the method used to place a value on each barrel of oll is 175% of variable costs