Recent maintenance costs of Divers Corporation are listed below: Machine-Hours Maintenance CostsFebruary527 $5,144March499 $5,033April542 $5,220May541 $5,196June489 $4,973July543 $5,200August558 $5,288September513 $5,060 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Using the least-squares regression method, the estimate of the variable component of maintenance cost per machine-hour is closest to:
A. $9.76
B. $4.57
C. $4.43
D. $6.00
Answer: C
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