Help Submit Midgett Co, has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff suggested that linear regression be employed to drive an equation for maintenance hours and cost Date regarding the maintenance hours and costs for the last year and the results of the regression analysis are as follows: Hours May Maintenance Machine Month Cost Jan. $ 5,030 540 Feb. 3,630 360 Mar. 4,400 560 Apr. 3,341 350 5,235 550 June 3,350 370 3,713 500 Aug. 5,345 770 Sept. 5,122 570 Oct. 4,856 660 Nov. 3,949 360 Dec. 3,810 420 Sun 151,781 6,110 Average 54,315.08 509.17 July Average cost per hour (551781/6,190) 5847 pounded 09170 2.0.7963 The percent of the total variance that can be explained by the regioninis Multiple Choice O 79.554%. 49.403%. 60.782% 79.513%. 79.375%