Midgett Co. has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff suggested that linear regression be employed to derive an equation for maintenance hours and costs. Data regarding the maintenance hours and costs for the last year and the results of the regression analysis are as follows: Maintenance Machine Month Cost Hours 502 Jan. $ 590 0 365 Feb. 450 7 440 Mar. 590 0 332 Apr. 340 8 522 May 610 2 345 June 470 0 345 June 470 0 349 July 430 9 536 Aug. 680 8 512 Sept. 690 6 484 Oct. 540 9 393 Nov. 460 5 399 Dec. 500 0 51,8 635 Sum 44 0 432 529 Average 0.33 .17 Average cost per hour ($51,844/6350) = $8.16 r = 0.92153 r = 0.84922 399 Dec. 500 0 51,8 635 Sum 44 0 432 529 Average $ 0.33 .17 Average cost per hour ($51,844/6350) = $8.16 r = 0.92153 r = 0.84922 Using the high-low method, total maintenance cost for 600 hours is calculated to be: (Do not round intermediate calculations. Round your answer to the nearest dollar.) $4865. $4843. $5744. $5616. $5381