Kaitlyn Reynolds, owner of Flower Paradise, 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 Click the icon to view the data.) Use the high-low method to determine Flower Paradise'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) = Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. E - Fixed cost Use the high-low method to determine Flower Paradise's operating cost equation (Round the vanable cost to the nearest cent and the fixed cost to the nearest whole dollar) yes + $ Use the operating cost equation you determined above to predict van operating costs at a volume of 15.500 miles The operating costs at a volume of 15,500 miles iss 0 Data Table Month Miles Driven Van Operating costs FP January February March April 15 700 16 500 14.500 16.000 16,300 15.100 14.000 $5 350 $5.180 $4960 55320 $5500 $5050 $4550 May Print Done Let's begin by determining the formula that is used to calculate the variable cost (slope). = Variable cost (slope) cost component Fixed cost rating cost equation. (Round the variable Now determine the formula that i Change in cost Change in volume Use the high-low method to dete Highest cost Highest volume y = $ x+$ Lowest cost Use the operating cost equation Lowest volume Total operating cost The operating costs at a volume Tote Total variable cost dict van operating costs at a volume of 15 0 Data Table