Kale Woo, owner of Flower Power, operases a local chain of foral shops. Each shep has its own delvery van. Instead of charging a fat dolivery fee, Woo wants to set the delivery fee based on the ostance diven to deliver the fowers. Woo wants to separate the faed and varable portons of ber van operating costs so that she has a better idea how delvery distance affects these costs. She has the folowing data from the past seven months: (Click the icon to view the data) Use the high-low method ts determine Flower Power's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 15,000 miles. Kate Woo, owner of Flower Power, operates a bocal chain of foral shops. Each shop has its own delivery van. instead of charging a flat deivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van coerating costs so that she has a better idea how delivery distance atlects these costs She has the following data from the past seven months Cick the icon to view the data) Use the high low method to dotermine Flower Power's cost equation for van operating costs. Use your resuls 10 predict van operating costs at a wolume of 15,000 miles. Lefs begin by determining the formula that is used to calculate the vanable cost (sope). Now determine the formula that is used to calculate the fored cost component. Total operating coot Total varable cost Use the high-low method to determine Flower Power's cperating cost equation. (Round the variablo cost to the rearest cont and the fred cost to the nearest wholo dollar) Coughin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utities cost. The compary's cost and machine hour usage data for the frst six months of the year follow (Click the icon to viow the data.) Read the reauicements: Requirement 1. What is the variable utlities cost per machine hour? Lefs begin by determining the formula that is wsed to calculate the varable cost (slope) Change in cost Requirements (Round the variable cost to the nearest cent) Using the High-low method, the varable utilies cost per machine hour is Requirement 2. What is the fixed cost of utlites each month? Lets begin by determining the formula that is used to calculate the fieed cost component. Using the high-low method, answer the following questons: 1. What is the variable utibes cost per machine hour? 2. What is the fixed cost of ublies each month? 3. If Coughlin Compary uses 1,220 machine hours in a month, what will is total Tolal utises cost Total variable cost costs be? Using the high-low method, the fixed cost of utilfes each month is