The fastener division of Southern Fasteners manufactures zippers and then sells them to customers for $7.85 per unit. Its variable cost is $2.68 per unit, and its fixed cost per unit is $1.17. Management would like the fastener division to transfer 11,000 of these zippers to another division within the company at a price of $2.68. The fastener division could avoid $0.31 per zipper of variable packaging costs by selling internally. Determine the minimum transfer price. (a) Assuming the fastener division is not operating at full capacity. (Round answer to 2 decimal places, e.g. 10.50.)

Minimum transfer price

$enter the Minimum transfer price in dollars rounded to 2 decimal places

(b) Assuming the fastener division is operating at full capacity. (Round answer to 2 decimal places, e.g. 10.50.)

Minimum transfer price

$enter the Minimum transfer price in dollars rounded to 2 decimal places