Question 3 (16 marks) Cycle Ltd, produces bicycles in two divisions. Division Frame produces the frame for the bicycle while Division Assemble then add components to the frame to produce a complete product that is sold in the market. The market exists for both the frame and completed bicycle. In terms of responsibility accounting, each division is recognised as a profit centre. The transfer price of the frame has been set using the average long-term market price. The following information has been extracted for each division: The manager of Division Assembly has produced the following calculations