Hagler's Toupees has the following machine hours and production costs for the last six months of last year: Month July August September October November December Machine Hours 15,900 14,100 12.100 16,100 15,400 12,700 Production Cost 12,795 11.460 10,180 12,800 12,292 10,402 If Hagler expects to incur 14,600 machine hours in January, what will be the estimated total production cost using the high-low method? Multiple Choice $11,810.00 $13,165.83 $11,780.00 $12,515.00