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Going Places, Incorporated, manufactures a variety of luggage for airline passengers. The company has several luggage production divisions, including the Suitable Cases Division, as well as a wholly owned subsidiary, It's Mine, that manufactures small identification tags used on luggage. Each piece of luggage Suitable Cases produces has two identification tags for which it previously paid the going market price of $2 each. Financial information for Suitable Cases and It's Mine follows: Sales 4,500 bags x $150.00 each 200,000 tags x $2.00 each. Variable expenses 4,500 bags x $85.00 each 200,000 tags x $0.50 each It's Mine has a production capacity of 250,000 tags. Required: 1. Determine how much Going Places will save on each tag if the Suitable Cases Division obtains them from It's Mine instead of an external supplier. Suitable Cases Division $ 675,000 Suitable Cases Division It's Mine 382,500 2. Determine the maximum and minimum transfer prices for the tags. 3. Suppose Going Places has set a transfer price policy of variable cost plus 60 percent for all related-party transactions. Determine how much each party will benefit from the internal transfer. 4. Determine the mutually beneficial transfer price. Required 3 S S It's Mine Complete this question by entering your answers in the tabs below. 1.20 0.80 x > Answer is complete but not entirely correct. Required 1 Required 2 Suppose Going Places has set a transfer price policy of variable cost plus 60 percent for all related-party transactions. Determine how much each party will benefit from the internal transfer. Note: Round your answers to 2 decimal places. $ 400,000 100,000 Required 4 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the mutually beneficial transfer price. Note: Round your answer to 2 decimal places. Mutually Beneficial Transfer Price $ Required 4 2.30