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 $$6\mathrm{.}00$ per unit; full cost is $$7\mathrm{.}00.$ The component sells on the open market

for $$13\mathrm{.}00.$

What will the transfer price be if Medlock uses a pricing rule of variable cost plus $40$ percent?

Note: Round your answer to $2$ decimal places.

Transfer price