Black Metals Corporation has two divisions. The Mining division makes Toldine, which is then transferred to the Metals division. i (Click the icon to view information about the two divisions.) The following table gives the manufacturing cost per unit in the Mining and Metals divisions for 2020: (Click the icon to view the manufacturing cost per unit in the mining and metals divisions.) Read the requirements. Requirement 1. Calculate the operating incomes for the Mining and Metals divisions for the 250,000 units of Toldine transferred under the following transfer-pricing methods: (a) market price and (b) 120% of full manufacturing cost. (a) Begin by calculating the operating income for the mining division using market-based transfer prices. Mining division: Revenues Costs Division variable costs Division fixed costs Total Division costs Division operating income Ask my instructor Clear all Check answer orX Requirement 1. Calcul More info under the following transf 120% of full manufactur (a) Begin by calculating Toldine is further processed by the Metals division and is sold to customers at a Mining division: price of $180 per unit. The Mining division is currently required by Black Metals to Revenues transfer its total yearly output of 250,000 units of Toldine to the Metals division at 120% of full manufacturing cost. Unlimited quantities of Toldine can be purchased Costs and sold on the outside market at $90 per unit. Division variable co Division fixed costs Total Division cost Print Done Division operating incX Data table rement 1. Calculate red under the following transfer-pricing of full manufacturing Mining Metals Division Division egin by calculating the Direct materials cost $ 19 $ 11 g division: Direct manufacturing labor cost 20 23 nues Variable manufacturing overhead.cost 8 21 S 30 16 Fixed manufacturing overhead cost vision variable costs $ 77 $ 71 Total manufacturing cost per unit vision fixed costs Total Division costs ision operating incon Print Done