Question 8 (2 points) Runaround Corporation sells running shoes and during January they ran production machines for 28,000 hours total and incurred $11,000 in maintenance costs. During July they ran production machines for 12,000 hours total and incurred $7200 in maintenance costs. Based on this data, what is the cost formula for maintenance costs? (Round intermediary calculations to the nearest cent.) Oy $0.65X+$11,000 Oy $0.24 X+$4280 Oy $1.75 X+$27,800 = Cannot determine from the information given.