Kate Chen, owner of Flowers 4 You, operates a local chain of foral shops. Each shop has its own delivery read of charging a fost delivery fee Che wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wars to or the food and variable portions of her van opening that she has a better idea how delivery distance atect those costs. She has a flowing data from the past seven months (Click the loon to view the data) Use the high-low method to determine Flowers 4 You's cost equation for an operating costs. Use your results to predict van operating costs a volume of 17,000 miles Lars begin by determining the formula that is used to calore the variable cost slope) Green Mailbox produces decorative mailboxes. The company's average cost per unit is $21.43 when it produces 1.100 mailboxes Requirements 1. What is the total cost of producing 1,100 mailboxes? 2. If $10,373 of the total costs are fixed, what is the variable cost of producing each mailbox? 3. Write Green Mailbox's cost equation. If the plant manager uses the average cost per unit to predict total costs, what would the forecast be for 1,300 mailboxes? 5. If the plant manager uses the cost equation to predict total costs, what would the forecast be for 1,300 mailboxes? 6. What is the dollar difference between your answers to questions 4 and 5? Which approach to forecasting costs is appropriate? Why