Kassidi Norris & 06/24/20 10:40 AM Save Homework: Chapter 6 Homework Score: 1.14 of 2 pts 5 of 8 (4 complete) HW Score: 43.88%, 8.78 of 20 pts %E6-26A (similar to) Question Help Kristen Rafferty, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Rafferty wants to set the delivery fee based on the distance driven to deliver the flowers. Rafferty wants to separate the fored 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 icomto view the data.) Data Table Use the high-low method to determine Flower Hour's cost equation for van operating Month 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 Flower Hour's operating cost equation (Round dollar) January February March April May June Miles Driven 15,700 16,500 14,500 16,000 16,300 15.100 14.000 Van Operating Costs $5,350 $5,160 $4.960 $5320 $5.500 $5,050 $4,560 YES X+$ July Enter any number in the edit fields and then click Check Answer Print Done Clear 1 part remaining Learn how to use Mylab and Mastering to Get your Pearson username password mya Accounting Air Assignments o i hing