AquaShine Inc. has a number of divisions, including the Beige Division, a producer of fabric, and the Purple Division, a fabric painting division. The cost per yard of the cloth manufactured by Beige Division of the AquaShine Inc. is as follows:

Direct material	$28
Direct labor	$5
Variable overhead	$3
Fixed overhead	$4

Calculate the transfer price if the company allows transfer pricing at cost plus 10%.

a.$40

b.$47

c.$44

d.$36