2 Part 1 of 2 Required Information Exercise 13-34 General Transfer-Pricing Rule (LO 13-6) [The following information applies to the questions displayed below.] Illinois Metallurgy Corporation has two divisions. The Fabrication Division transfers partially completed components to the Assembly Division at a predetermined transfer price. The Fabrication Division's standard variable production cost per unit Is $500. The division has no excess capacity, and it could sell all of its components to outside buyers at $670 per unit in a perfectly competitive market. 1.5 points Exercise 13-34 Part 1 eBook Required: 1. Determine a transfer price using the general rule. References Transfer price Exercise 13-34 Part 2 2. What would be the transfer price if the Fabrication Division had excess capacity? Transfer price