Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Month Utilities Machine Hours January February $ 9,300 860 8,960 780 March 9,550 870 April 9,960 980 May June 10,363 9,750 1,010 960 Using the high-low method, the utilities cost for Barkoff associated with 1,040 machine hours would be: Multiple Choice $10,456. $10,416. $10,266. $10,546. None of the answers is correct