17) Kirkeby Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes Fixed Element per Month Variable Element per Container Refurbished Revenue Employee salaries and wages Refurbishing materials Other expenses $ 4,700 S 1,300 S 700 S 44,200 s 30,200 When the company prepared its planning budget at the beginning of May, it assumed that 32 containers would have been refurbished. However, 34 containers were actually refurbished during May The "Refurbishing materials" in the flexible budget for May would have been closest to: A) S22,682 B) S24,100 C) $22,400 D) $23.800