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:

Month	Maintenance Cost				Machine Hours
Jan.	$	5,080				540
Feb.		3,675				340
Mar.		4,320				550
Apr.		3,334				420
May		5,231				570
June		3,460				420
July		3,676				460
Aug.		5,380				770
Sept.		5,120				660
Oct.		4,877				660
Nov.		3,964				520
Dec.		3,890				430
Sum	$	52,007				6,340
Average	$	4,333.92				528.33

Average cost per hour ($52,007/6,340) = $8.20

r = 0.86316

r² = 0.74505

Using the high-low method, total maintenance cost for 500 hours is calculated to be: (Do not round intermediate calculations. Round your answer to the nearest dollar.)

Multiple Choice

$4,996.

$4,633.

$4,868.

$4,117.

$4,095.

show work please... I keep getting 3801