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5.00 points Weller Industries is a decentralized organization with six divisions. The company's Electrical Division produces a variety of electrical items, inciuding an X52 electrical fitting. The Eectrical Division (which is operating at capacity) sells this fitting to its regular customers for S13.00 each; the fitting has a variable manufacturing cost of $9.05 The company s Division has asked the Electrical Division with a large quantity of X52 fittings for only $8.70 each. The Brake Division, which is operating at 60% of capacity, will put the fitting into a brake that it will produce and sell to a large commercial airline manufacturer. The cost of the brake unit being built by the Brake Division Purchased parts (from outside vendors) 38.00 ectrical fitting X52 8.70 Other variable costs xed overhead and administration 2.00 Total cost per brake unit Although the $8.70 price for the X52 fitting represents a substantial discount from the regular S13.00 price, the manager of the Brake Division believes that the price concession is necessary if his division is to get the contract for the airplane brake units. He has heard through the grapevine that the airplane manufacturer plans to reject his bid if it is more than $80.05 per brake unit. Thus, if the Brake Division is forced to pay the regular $13.00 price for he X52 fitting, it will either not get the contract or it will suffer a substantial loss at a time when it is already operating at only 60% of capacity The manager of the Brake Division argues that the price concession is imperative to the well-being of both his division and the company as a whole. Weller Industries uses return on investment (ROI) to measure divisional performance. Required 1. Assume that you are the manager of the Electrical Division. a. What is the minimum transfer price you will charge to supply the X52 fitting to the Brake Division? (Round your answer to 2 decimal places.) Variable cost per unit 9.05 Unit contribution margin on lost sales 3.95 13.00 Transfer price a