Greetings, I need help solving this problem. I think I have some of the answers, but I am not sure. I have attached images of the problem with the image adding tools. When responding, can you please bold the answers.

PA1D-5 (Static) Identifying Minimum, Maximum, Mutually Benecial Transfer Prices [LICJI 10-6] Going Places, |nc., manufactures a variety of luggage for airline passengers. The company has several luggage production divisions, including the Suitable Cases Division, as well as a wholly owned subsidiary, It's Mine, that manufactures small identification tags used on luggage. Each piece of luggage that Suitable Cases produces has two identication tags for which it previously paid the going market price of $2 each. Financial information for Suitable Cases and It's Mine follows: Suitable Cases Division It's Mine Sales 4,588 bags X $158.88 each $ 6?5,888 288,888 tags I $2.88 each 5 488,888 Variable expenses 4,533 bags x $35.33 each 382,588 233,333 tags a: $3.53 each 133,333 It's Mine has a production capacity of 250,000 tags- Required: 1. Determine how much Going Places will save on each tag ifthe Suitable Cases Division obtains them from it's Mine instead of an external supplier. 2 Determine the maximum and minimum transfer prices for the tags. 3. Suppose Going Places has set a transfer price policy of variable cost plus I50 percent for all relatedparty transactions. Determine how much each party will benet from the internal transfer. 4. Determine the mutually beneficial transfer price. Required 1 Required 2 Required 3 Required 4 Determine how much Going Places will save on each tag if the Suitable Cases Division obtains them from It's Mine instead of an external supplier. (Round your answer to 2 decimal places.) Required 1 Required 2 Required 3 Required 4 Determine the maximum and minimum transfer prices for the tags. (Round your answers to 2 decimal places.) Maximum Transfer Price $ 2.00 Minimum Transfer Price $ 0.50Required 1 Required 2 Required 3 Required 4 Suppose Going Places has set a transfer price policy of variable cost plus 60 percent for all related-party transactions. Determine how much each party will benefit from the internal transfer. (Round your answers to 2 decimal places.) Suitable Cases Division $ 1.25 It's Mine 0.30Required 1 Required 2 Required 3 Required 4 Determine the mutually beneficial transfer price. (Round your answer to 2 decimal places.) Mutually Beneficial Transfer Price 2.30