The Ricci Company is decentralized, and divisions are considered investment centers. Ricci has one division that (Click the icon to view additional information.) manufactures oak dining room chairs with upholstered seat cushions. The Chair Division cuts, assembles, and finishes the oak chairs and then purchases and attaches the seat cushions. Read the requirements. Requirement 1. Determine the total contribution margin for Ricci Company for the quarter. More info Requirements The Chair Division currently purchases the cushions for $32 from an outside vendor. The 1. Determine the total contribution margin for Ricci Company for the quarter. Cushion Division manufactures upholstered seat cushions that are sold to customers outside the company. The Chair Division currently sells 500 chairs per quarter, and the 2. Assume the Chair Division purchases the 500 cushions needed from the Cushion Division is operating at capacity, which is 500 cushions per quarter. The two Cushion Division at its current sales price. What is the total contribution divisions report the following information: margin for each division and the company? 3. Assume the Chair Division purchases the 500 cushions needed from the Cushion Division at its current variable cost. What is the total contribution margin for each division and the company? 4. Review your answers for Requirements 1,2 , and 3 . What is the best option for Ricci Company? 5. Assume the Cushion Division has capacity of 1,000 cushions per quarter and can continue to supply its outside customers with 500 cushions per quarter and also supply the Chair Division with 500 cushions per quarter. What transfer price should Ricci Company set? Explain your reasoning. Using the transfer price you determined, calculate the total contribution margin for the quarter