Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the following costs and volume measures:

	Highest			Lowest
Cost per month	$	86,000		$	74,000
Machine hours		96,000			66,000

Using the high-low technique, estimate the annual fixed cost for maintenance expenditures:

Multiple Choice

$571,200.

$218,700.

$368,800.

$532,900.

$447,400.