Qvat Division, a subsidiary of Imogene Ltd., manufactures a silicon chip with the following costs: Direct material $15.00 Direct labor 26.25 Variable overhead 12.75 Fixed overhead 18.00 Total 372.00 Some of the chips are sold externally for $162.00; others are transferred internally to the Kwak Division. Qvat Division's plant manager wants to establish a reasonable transfer price for chips transferred to kwak. The purchasing manager of Kwak Division has informed the plant manager that comparable chips can be purchased externally in a price range from $112.50 to $172.50. a. Determine the upper and lower limits for the transfer price between Qvat Division and Kwak Division Upper limit: $ 0 Lower limit: $ 0 + Any opportunity cost. b. If Qvat Division is presently selling all the chips it can produce to external buyers, what minimum price should be set for transfers $0 Kwak Division