M10-13 (Algo) Calculating Cost-Plus Transfer Price (LO 10-6) Medlock Company has two divisions, Wheel and Chassis. The Wheel Division manufactures a wheel assembly that the Chassis Division uses. The variable cost to produce this assembly is $6.00 per unit; full cost is $7.00. The component sells on the open market for $13.00 What will the transfer price be if Medlock uses a pricing rule of variable cost plus 30 percent? (Round your answer to 2 decimal places.) Transfer price