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Pepper Company has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattem of the maintenance costs

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Pepper Company has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattem of the maintenance costs must be determined. The accounting staff suggested that linear regression be employed to derive an equation for maintenonce hours and costs. Data regarding the maintenance hours and costs for the lost yeor and the results of the regression analysis are os follows: Average cost per hour ($59.040/5,990)=$8.45 r=099743r2=099488 Using the highilow method, total maintenance cost for 660 hours is calculated to be: (Do not round intermediate celculations. Round your answer to the nearest dollar)

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