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Burmer Co. has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs

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Burmer Co. has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs must be determined. Data regarding the machine hours and maintenance costs for the last year and the results of the regression analysis are as follows Machine Hours Maintenance Month Janua Februar March April Ma June Jul August September October November December Sum Average Cost $4,990 $3,580 $4,196 $3,356 $5,183 $3,434 $3,598 $5,168 $5,048 $4,779 $3,890 $3,721 607 414 511 388 638 390 423 663 619 612 447 428 6,140 512 $50,943 $4,245 A staff assistant has run regression analyses on the data and obtained the following output using Excel REGRESSION ANALYSIS Y (Dependent) Variable: Maintenance Cost X (lndependent) Variable: Maintenance Hours Using regression analysis, what is the estimated maintenance expense for a month that the firm expects to operate 580 machine hours (round to nearest whole dollar)? $4,707 $5,707 $6,207 $5,207

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