Circuit Boards R Us (CBRU) uses regression analysis to estimate the monthly cost of producing circuit boards. A regression analysis using number of circuit boards produced as the cost driver has the following output: Y = $ 70,000 + $ 2 * number of circuit boards. CBRU is budgeting to produce 40,000 circuit boards in the coming month. What is a reasonable estimate of budgeted production costs in the coming month?

A.

$ 70,000

B.

$ 80,000

C.

$ 150,000

D.

$ 40,000