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NoDis Company produces smart watches. The company controller wants to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory.

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NoDis Company produces smart watches. The company controller wants to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four months are as follows: Maintenance Machine cost hours $5,000 350 June July $3,000 320 August $4,000 315 September $3,300 20 Estimated coefficients from a regression of maintenance costs on machine hours are: Intercept 1,550 X Variable 8.5 1 Using the results of the regression, what is the estimated cost for maintenance next month assuming 250 machine hours are budgeted? O $2,700 O $4,225 $1,200 O $3,675 None of the above

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