You review the cost and volume data (using Machine Hours - MHs as the most appropriate cost driver and have found the following regarding the busiest and quietest months of operation over the past year: High month total cost $654,000 Low month total cost $331,000 High Vol Low Vol 6200 2800 You discuss alternative ways of predicting costs with your manager and you have to demonstrate your simple (high-low) method and predict the TOTAL COST if the company were to run 5200 Machine Hours in a month. Required: Calculate the TOTAL cost prediction for this company if it worked the number of hours shown and enter you answer below. NOTE: DO NOT dollar signs ($) etc., simply enter the amount. e.g. to enter $1,000 simply enter 1000