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Chemical Company has two divisions, the Mixing Division and Bottling Division. The Mixing Division sells chemicals to the Bottling Division. Standard costs for the Mixing

Chemical Company has two divisions, the Mixing Division and Bottling Division. The Mixing Division sells chemicals to the Bottling Division. Standard costs for the Mixing Division are as follows:

Direct materials

$3.00 per gallon

Direct labor

2.40 per gallon

The Bottling Division uses the following predetermined overhead rate:

Variable overhead

$3.60 per gallon

Fixed overhead

2.40 per gallon

Total

$6.00 per gallon

What is the transfer price for the chemicals per gallon based on standard variable cost? Round your answer to two decimal places and enter with no symbols.

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