02.T2 This Question: 2 pts 12 of 23 (10 complete) This Test Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below: Machine-hours Labor Costs Highest observation of cost driver 2,000 $310,000 Lowest observation of cost driver 1,500 $285,000 What is the estimated total cost when 1,500 machine- hours are used? A. $285,000 B. $232,500 C. $570,000 D. $542,500 Click to select your answer. W OCT 14