The same information below has been repeated from previous question. Freezit manufactures fridges. The budgeted number of units to be produced for the month of June is 3,800. Direct material price per kg (S per kg): 5.50 Direct material quantity per unit of product (kg): 25.00 Direct labour rate (S per hr): 22.00 The actual production for the month of June amounted to 4,000 units, and the actual data recorded for the month are as follows: Direct material price per kg ($ per kg): 6.80 Direct material purchased (kg): 32.000 Direct material quantity used (kg) 55.000 Direct labour rate ($ per hr): 24.00 Direct labo hours per unit of product (hr): 26.00 Assume that the standard quantity of direct material for 4,000 tridges calculated using the information above is 50,000kg. You are further told that 5 fridges are discarded for every 20 acceptable fridges. Calculate the direct material cost for 4,000 acceptable fridges if practical standards are adopted. Select one: a $343,750 b. $272,000 C. $366,667 d. $425,000 e $220,000 The correct answer is $343,750