Kailyn Smith, owrier of Rose Ready operates a local chain of floral shops. Each shop has its own delivery vari. Instead of charging a flat delivery fee, Smrith wants to set the delivery fee based on the distance driver to deliver the flowers. Smith 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: Click the icon to view the data) Use the high-low method to determine Rose Ready'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). Change in oost Change in volume = Variable cost slape) Now determine the formula that is used to calculate the fixed cost component Total operating cost Total variable cost = Fixed cost Use the high low method to determine Rose Ready's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest wnole dollar.) v 0.2 x + -X Dala Table Month Miles Driven January...... February ... March ....... April May ......... June July 15,900 18,000 15,300 16,300 Van Operating costs $5 420 $6.460 $5 100 $5.290 17,000 15,700 $5,000 $5.520 $5.150 $4.950 Print Done