The following data relate to the Torrence Company for May and August: May August Maintenance hours 35, 000 40, 000 Maintenance cost $1, 247, 000 $1, 337, 090 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 37,000 hours in October, which of the following statements is true? Multiple Choice O Total maintenance costs will be $1,337,000. O Total maintenance costs will be $1,255,000. O Total maintenance costs will be $1,300,000. O Total maintenance costs will be $1,247,000. O Total maintenance costs will be $1,283,000