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Buckeye Company has provided the following data for maintenance cost: Prior Year Current Year Machine hours 19,100 22,200 Maintenance cost $30,500 $34,220 The best estimate

Buckeye Company has provided the following data for maintenance cost:

Prior YearCurrent Year
Machine hours19,10022,200
Maintenance cost$30,500$34,220

The best estimate of the cost formula for maintenance would be: (Do not round intermediate calculations. Round your Variable cost per unit to 2 decimal places.)

$7,580 per year plus $.833 per machine hour
$26,640 per year plus $.833 per machine hour
$7,580 per year plus $1.20 per machine hour
$30,500 per year plus $1.20 per machine hour

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