The following data relate to the Torrence Company for May and August: May AugustMaintenance hours 25,000 29,000 Maintenance cost$1,175,000 $1,247,000 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 26,000 hours in October, which of the following statements is true?
A. Total maintenance costs will be $1,247,000.
B. Total maintenance costs will be $1,221,000.
C. Total maintenance costs will be $1,193,000.
D. Total maintenance costs will be $1,175,000.
E. Total maintenance costs will be $1,182,000.
Answer: C
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