The McGraw Company is accumulating dato to be used in preparing its annual profit pian for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting statt has suggested that linear regression be employed to derlve an equation in the form of y a a + bxfor maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) Using the high-low method to estimate cost behavior, 500 maintenance hours in a month would mean the maintenance costs would be budgeted at what amount? Note: Round the variable cost per hour to 2 decimals. Mustiple Choice $3850 $4500 $4,530 $4,590