118. Gunnison Furniture had the following historical accounting data, per hundred board feet, concerning one of its products: Finished shelving: Direct materials $30 Direct labor 16 Variable overhead 10 Fixed overhead 12 Variable selling expenses 8 Fixed selling expenses 4 The shelving is normally transferred internally from the Cutting Division to the Finishing Division. It also may be sold externally for $110 per hundred board feet. The minimum prot level accepted by the company is a markup of 20 percent. If the variable manufacturing cost transfer price method is used without a fixed fee, Gunnison Furniture's transfer price will be A. $56 B. $84 C. $64 D. $68