Mediock 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 $700 per unit; full cost is $8.00. The component sells on the open market for $15.00 What will the transfer price be it Medlock uses a pricing rule of variable cost plus 30 percent? (Round your answer to 2 decimal places.) Transfer price