Division L at Reiner Ltd manufactures 16658 units of part #70 which it currently sells to outside customers. Selected data for part Unit selling price to outside customers Variable production cost per unit Variable selling and administrative expense per unit Total fixed production cost (based on a capacity of 19265 units per year) 70 are given below: $89.53 54.04 11.31 S380000 Division K at Reiner Ltd. currently purchases 7401 units of part #7trom an outside supplier at a price of S96.00. Consideration is being given to buying internally rather than from the outside supplier. If an internal transfer takes place, it has been determined that variable S&A expense would be cut by one quarter for any sales made to Division K. What is the lowest acceptable transfer price from the perspective of Division L? Select one o a. $78.19 O b. 596.00 O c. $86.70 Od. $69.70