please include work i would like to understand! answer must be inclunded in multiple choice, thank you :)

Hammer Company is accumulating data to use in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested the use of linear regression 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 follow. Month January February March April May June July August September October November December Maintenance Cost $ 4,650 3,450 4,050 3,270 4,800 3,410 3,480 4,920 4,710 4,500 3,750 3,610 $ 48,600 Machine Hours 660 500 580 480 680 490 500 740 670 650 530 520 7,000 Sum $ 4,050 Average Average cost per hour a (intercept) b (coefficient) Standard error of the estimate R-squared t-value for b $ 583 $ 7.00 $ 89.64 6.7892 83.4170 0.98383 24.668 Based on the data derived from the regression analysis, 420 maintenance hours in a month mean that maintenance costs should be budgeted to the nearest dollar at Based on the data derived from the regression analysis, 420 maintenance hours in a month mean that maintenance costs should be budgeted to the nearest dollar at Multiple Choice $3,038. $3,024 None of these answer choices are correct. $2,941. $3,434