Alice Reynolds, owner of Flower Mode, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Reynolds wants to set the delivery fee based on the distance driven to deliver the flowers. Reynolds 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 the following data from the past seven months: E: (Click the icon to view the data.) February and May are always Flower Mode's biggest months because of Valentine's Day and Mother's Day, respectively. Use the high-low method to determine Flower Mode's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 18,000 kilometres. ..... Start by determining the formula that is used to calculate the variable cost (slope). Choose the correct answer below. 1 Data Table O A. Change in cost = Change in volume = Variable cost (slope) O B. Lowest cost = Lowest volume = Variable cost (slope) OC. Highest cost = Highest volume = Variable cost (slope) OD. Change in volume - Change in cost = Variable cost (slope) O E. Total operating cost - Total variable cost = Variable cost (slope) Month Kilometres Driven January February March 15,900 18,000 Van Operating Costs $5,420 5,460 15,300 5,100 Now determine the formula that is used to calculate the fixed cost component. Choose the correct answer below. 16,300 5,290 April May 17,000 5,520 June 15,700 5,150 O A. Change in cost + Change in volume = Fixed cost O B. Change in volume - Change in cost = Variable cost (slope) O C. Highest cost - lowest cost = Fixed cost O D. Highest volume - lowest volume = Fixed cost O E. Total operating cost - Total variable cost = Fixed cost July................ 15,000 4,950 Use the high-low method to determine Flower Mode's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) y=$(x+$0 Print Done Use the operating cost equation you determined above to predict van operating costs at a volume of 18,000 kilometres. The operating costs at a volume of 18,000 kilometres is $