Johnson & Johnson has two divisions: Pharmaceuticals and Medical Devices. The Pharmaceuticals division produces a drug that is transferred to the Medical Devices division. The following data is available:

• Variable Cost per unit: $50
• Fixed Cost per unit: $20
• Transfer Price: $100
• External Market Price: $120
• Units Transferred: 10,000

Requirements:

1. Calculate the Contribution Margin for the Pharmaceuticals division.
2. Determine the Profit for the Pharmaceuticals division.
3. Calculate the Total Cost for the Medical Devices division.
4. Determine the overall Profit for Johnson & Johnson.