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:

MaintenanceMachine Month

cost hours

June$5,000 350

July3,000 320

August4,000 315

September3,300 220

Coefficients shown by a regression program are as follows:

Intercept1,000X Variable 18.5

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.)

a.$1,200

b.$3,000

c.$2,700

d.$4,225