Karen Woo woo Youperates a local chand for shops Each shop hasts on delivery van instead of charging a Bot delivery fee Woo wants to set the delivery fee based on the dance driven to deliver the Boots Woo were the bed and variable portions of her an opening cose that she has a better idea how every distance afects these cout She has the following data from the past seven months Conto the Use a high-low method to determine Flowers 4 Yous contention for van operating costs Use your results to predict van operating costs at a volume of 16.000 miles Data Table Lastenby Gutermining that had to come the variable comte) Onge Change hiverne Vrteco the formate the com go the Yogi Main January Milos Driven Van Operating Coate 150 352 57.300 5510 SENO 361 17.20 15200 100 11 1 March April May Uus te ver wing and to you determined to predivan toering con 16.000 ml The 1.000 Print Dono Calculator Suosuon Karen Woo, owner of Flowers 4 You, operates a local chain of floral shops Each shop has its own delivery van. Instead of flowers Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea hor B (Click the Icon to view the data) Use the high-low method to determine Flowers 4 You's cost equation for van operating costs. Use your results to predict va Let's begin by determining the formula that is used to calculate the variable cost (slope) Change in cost Change in volume Variable cost (slope) 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 Flowers 4 You's operating cost equation (Round the variable cost to the nearest cent a X + Use the operating cost equation you determined above to predict van operating costs at a volume of 16,000 miles The operating costs at a volume of 16,000 miles is Data Table Month Miles Driven Van Operating Costs 15,900 $5.430 January....... February ..... March 17.300 $5,740 14,600 $4,940 16.300 April May $5,270 17,200 $5,820 June 15,200 14,300 $5,400 July . . . . $4.990 Print Done Karen Woo we of Flowers 4 You operates a local chain of local shops Each shops on delivery and of charging af delivery few Woo wants to set the day besed on the dance drive to do the Bow Woo wants to separate the bed and variable porsion of her van operating costs so that she has a better idea divery distance ficte the cost she has the big data from the seven month Cick the icon to view the data Use the high low method to determine Flowers & You's cost equation for an operating costs. Use your results to predict van operating costs a volume of 16.000