Ruth Company produces 1,000 units of a necessary component with the following costs: Direct Materials..................................$24,000 Direct Labor........................................16,000 Variable Overhead..................................4,000 Fixed Overhead......................................7,000 Ruth Company could avoid $3,000 in fixed overhead costs if it acquires the components externally. If cost minimization is the major consideration and the company would prefer to buy the components, what is the maximum external price that Ruth Company would accept to acquire the 1,000 units externally? a $48,000 b $44,000 c $51,000 d $47,000