Required information [The following information applies to the questions displayed below.] Illinois Metallurgy Corporation has two divisions. The Fabrication Division transfers partially completed components to the Assembly Division at a predetermined transfer price. The Fabrication Division's standard variable production cost per unit is $530. The division has no excess capacity, and it could sell all of its components to outside buyers at $730 per unit in a perfectly competitive market. Required: 1. Determine a transfer price using the general rule. Transfer price Required information [The following information applies to the questions displayed below.) Illinois Metallurgy Corporation has two divisions. The Fabrication Division transfers partially completed components to the Assembly Division at a predetermined transfer price. The Fabrication Division's standard variable production cost per unit is $530. The division has no excess capacity, and it could sell all of its components to outside buyers at $730 per unit in a perfectly competitive market. 2. What would be the transfer price if the Fabrication Division had excess capacity? Transfer price