Which of the following statements is true if total product cost per unit is used under the cost price approach to set transfer prices? 3- If total product cost per unit is used under the cost price approach to set transfer prices, indirect labor cost is excluded from transfer price. 0 b- If total product cost per unit is used under the cost price approach to set transfer prices, direct materials, direct labor, and factory overhead are included in transfer price. 0 C- If total product cost per unit is used under the cost price approach to set transfer prices, indirect materials cost is excluded from transfer price. 0 d- If total product cost per unit is used under the cost price approach to set transfer prices, only direct materials and direct labor are included in transfer price