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? 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. If plotted on a graph, the collected data points would lie near the line created with the above regression analysis output. Multiplying 1.2 by the number of anticipated machine hours would yield an estimate of total variable factory maintenance costs for that activity level. An estimate of factory maintenance costs at an activity level of 6,500 machine hours is $61,800