Swan, Inc, uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintenance costs averaged $58.90 per hour. When activity jumped to 26,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $46.90. On the basis of this information, what were total maintenance costs when Swan experienced 23,000 machine hours? (Round your intermediate calculations to 2 decimal places and final answer to nearest dollar amount.) Multiple Choice $1,190,300. $1,040,000. $1,98,700 $158,700 $1,215,500