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Rapid Industries has multiple divisions One division, Iron Products, makes a component that another division, Austin, is cost of $7 00 and a full cost

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Rapid Industries has multiple divisions One division, Iron Products, makes a component that another division, Austin, is cost of $7 00 and a full cost of $900. Iron Products has outside sales of 454,000 components at a price of $14.00 Austin currently purchases 45,000 units from an outside supplier at a price of $12 00 per unit. Assume that Austin desires to use a single supplier for its component. per unit needs areerter purchased 100% internally or 100% eternally b. What is the minimum transter price? (Round your answer to 2 decimal places.) inimum Transfer Price c. What is the maximum transfer price? (Round your answer to 2 decimal places.)

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