Concord Company started as a small business, selling ice cold lemonade at area festivals. As the company grew, it became more decentralized. The lemon-press division went gangbusters, not only providing its lemon concentrate to the lemonade division of the company but also selling its concentrate externally to a variety of businesses, The variable cost to make one gallon of lemon concentrate from the pressing process is $7. If all production costs are considered, the cost is $7.50 per gallon. The current market price for a gallon of this concentrate is $8. (a) Assuming the lemon-press division has enough capacity to meet both internal and external demand for its concentrate, what transfer price range would be likely? Minumum transfer price $ Maximum transfer price $ Concord Company started as a small business, selling ice cold lemonade at area festivals. As the company grew, it became more decentralized. The lemon-press division went gangbusters, not only providing its lemon concentrate to the lemonade division of the company but also selling its concentrate externally to a variety of businesses, The variable cost to make one gallon of lemon concentrate from the pressing process is $7. If all production costs are considered, the cost is $7.50 per gallon. The current market price for a gallon of this concentrate is $8. (a) Assuming the lemon-press division has enough capacity to meet both internal and external demand for its concentrate, what transfer price range would be likely? Minumum transfer price $ Maximum transfer price $