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The following data relate to the Torrence Company for May and August: May August Maintenance hours 2 0 , 0 0 0 4 5 ,

The following data relate to the Torrence Company for May and August: May August Maintenance hours 20,00045,000 Maintenance cost $ 1,322,000 $ 1,417,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 23,000 hours in October, which of the following statements is true? (a) Total maintenance cost will be $1,322,000,(b) $1,329,000,(c) $1,379,000,(d)1,394,000,(e)$1,417,000

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