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Swan, Inc. uses the highlow method to analyze cost behavior. The company observed that at 21,000 machine hours of activity, total maintenance costs averaged $36.20

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Swan, Inc. uses the highlow method to analyze cost behavior. The company observed that at 21,000 machine hours of activity, total maintenance costs averaged $36.20 per hour. When activityjumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $31.40. On the basis of this information, the fixed cost for Swan was: [Round your intermediate calculations to 2 decimal places and final answer to nearest dollar amount.} Multiple Choice 0 $26 0,20 0. $78 5,00 0. $630,000. $13 0,200. $29 0,000. 0000

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