Melody Leigh, owner of Broadway Floral, operates a local chain of floral shops Each shop has its own delivery van. Instead of charging a flat delivery foo, Leigh wants to set the delivery foe based on the distance driven to deliver the flowers. Loigh 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 icon to view the data) Use the high-low method to determine Broadway Floral's cost equation for van operating costs. Use your results to predict van operating conta at a volume of 16,600 miles Let's begin by determining the formula that is used to calculate the variable cost (slope) Change in cost Change in volume - Varuble cost (slpo) Now dotermine the formula that is used to calculate the fixed cost component Total operating cost Total variable con Fixed cost Use the high-kw method to determine Broadway Florals operating cost equation (Round the variable cost to the nearest cont and the food cost to the nearest wholo dollar) Use the operating cost equation you determined above to predict van operating costs at a volume of 16,500 miles The operating costs at a volume of 16,500 miles in 1. Data Table Month Miles Driven Van Operating Costs January 15,500 . $5,390 February 17,400 $5,280 March 15,400 $4,960 April 16,300 $5,340 May 16,500 $5,450 June 15,200 $5,230 July 14,400 $4,680 Print Done