TE MC Qu. 5-54 (Algo) The McGraw Company is accumulating... The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs reste determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y bax for maintenance costs, Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows (CMA adapted Hours of Activity 650 720 January February March April May June July August September October November December Su 920 650 1,130 730 720 Maintenance Costs $ 4,600 3,400 4,000 3,220 4,750 3,360 3,430 4,870 4,660 4,45e 3,7ea 3.560 $ 48,000 4,280 1,180 1,090 1,050 wie 780 29,440 878 A coefficient 1,812.66 *** Proy 712 Nort 1,812.66 2:5142 A coefficient B coefficient Standard error of the coefficient Standard error of the coefficient Standard error of the estimate R2 T-value a T-value b 564.795 0.63482 409:49 2.61057 3.29 3.96 What is the variable cost per hour using the high low method to estimate the contest Me Choice SOT Help Save & Exit Submit WWW hamam Mug Choice 50.000 500071 361