A negotiated transfer price should be used when an outside market for the goods does not exist. Select one O True O False All of the following are correct statements about the cost based transfer price approach except that it Select one: OA. provides incentive for the selling division to control costs OB. bases the transfer price on standard cost instead of actual cost. OC. can understate the actual contribution to profit by the selling division. OD. can reduce a division manager's control over the division's performance. Management of the Catering Company would like the Food Division to transfer 10,000 cans of its final product to the Restaurant Division for $30. The Food Division sells the product to customers for $70 per unit. The Food Division's variable cost per unit is $35 and its fixed cost per unit is $10. If the Food Division has 10,000 units available capacity, what is the minimum transfer price the Food Division should accept? Select one: A. $45 OB $35 OC. $30 OD. $70 Management of the Catering Company would like the Food Division to transfer 10,000 cans of its final product to the Restaurant Division for $30. The Food Division sells the product to customers for $70 per unit. The Food Division's variable cost per unit is $35 and its fixed cost per unit is $10. If the Food Division is currently operating at full capacity, what is the minimum transfer price the Food Division should accept? Select one: A. $70 OB. $45 OC. $30 OD. $35