PristinDay Company produces handheld calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four months were collected as follows:

Maintenance

Machine

Month

cost

hours

June

$5,000

350

July

3,000

320

August

4,000

315

September

3,300

220

Coefficients shown by a regression program are as follows:

Intercept

1,000

X Variable 1

8.5

Using the results of regression, calculate the budgeted cost for maintenance next month assuming that 200 machine hours are budgeted. (Round the answer to the nearest dollar.)