4 of 4 (3 complete) HW Score: 39.29 E6-26A (similar to) Que Kallie Woo, owner of Flower Direct, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has from the past seven months: (Click the icon to view the data) Use the high-low method to determine Flower Direct's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 15,500 miles. Let's begin by determining the formula that is used to calculate the variable cost (slope). Data Table Change in Cost Change in volume - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component Month Miles Driven Van Operating costs Total operating cost Total variable cost Fixed cost January 15,900 $5,420 Use the high-low method to determine Flower Direct's operating cost equation, (Round the variat February... 18.000 $5,460 March 15,300 $5,100 yos April 16,300 $5.290 May 17.000 $5520 Enter any number in the edit fields and then click Check Answer. June 15,700 $5,150 July 15,000 $4.950 Answer 1 pan remaining