Dunder Mifflin Paper Company, Inc. is a manufacturer of bulk printer paper. The company has compiled data related to factory maintenance costs, specifically maintenance costs and machine hours, for the past year. A regression analysis was performed in Excel. The output is as follows: Assuming a relevant range of 015,000 machine hours, which of the following statements is false? An estimate of factory maintenance costs at an activity level of 6,500 machine hours is $61,800 The cost formula represented by the above output is estimated factory maintenance costs =$0.98 * (number of machine hours) +$54,000 If machine hours are zero in a given month, estimated factory maintenance costs would equal $4,500 for that month. Multiplying 1.2 by the number of anticipated machine hours would yield an estimate of total variable factory maintenance costs for that activity level. If plotted on a graph, the collected data points would lie near the line created with the above regression analysis output