Marriott Chairs has two divisions: Legs and Chairs. The Leg Division
sells all of its output to the Chair Division. The only product of the Leg
Division is chair legs that the Chair Division uses in making chairs.
Each chair is completed by the Chair Division requires 4 legs. Production quantity
and cost data for the period follows:
	Number of chair legs			48,000
	Retail price per leg			$32
	Direct materials			$220,000
	Direct labor			160,000
	Factory OH			150,000
	30%	is variable
	Operating expenses			$218,000
	20%	is variable
Required:
Determine the transfer price for a chair leg using:
1)	Market price
2)	Variable Product costs plus		40%
3)	Absorption costing plus		14%
4)	Variable costs
5)	Total costs plus		9%