Kathy Rafferty, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a fat delivery fee, Rafferty wants to set the delivery fee based on the distance driven to deliver the fowers. Rafferty 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 lcon to view the data.) Use the high-low method to determine Flower Hour's cost equation for van operating costs. Use your resuts to predict van operating costs at a volume of 16,500 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 foxed cost component. Fixed cost Use the high-low method to determine Flower Hour's operating cost equation, (Round the variable cost to the nearest cent and the fxed cost to the nearest whole dolar ) x+$ y $ Use the operating cost equation you determined above to predict van operating costs at a volume of 16,500 mies The operating costs at a volume of 16.500 miles is Data Table Van Operating Co Miles Driven Month $5,430 15,900 January $5,740 17,300 February. .. $4,940 14,600 March.. $5,270 16,300 April $5,820 17,200 May . $5,400 15,200 June. ... $4,990 14,300 July. .. Done Print