Marigold Company makes furniture. The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory. Data for the past four months were collected as follows: Electricity Machine Month cost hours January $8,000 600 February 7,200 650 March 7,500 580 April 8,200 690 Coefficients shown by a regression program are as follows: Intercept 6,102 X Variable 1 2.9 Using the results of regression, what would be the total budgeted cost for electricity next month assuming that 610 machine hours are budgeted? (Round to the nearest dollar.) $7,871 $1,769 $4,333 $6,102