Score: 2.86 of 5 pts 2 of 5 (1 complete) E6-26A (similar to) Kim Chen, owner of Flower Direct, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Chen wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wants to separate the fixed and variable portions 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 Flower Direct's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 17,000 miles. Let's begin by determining the formula that used to calculate the variable cost (slope). Change in cost Change in volume Variable cost (slope) = Now determine the formula that used to calculate the fixed cost component Total operating cost - X Total variable cost Fixed cost Data Table Use the high-low method to determine Flower Direct's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) y = $ 20 x + $ 11520 Month Miles Driven Van Operating Costs 15.700 $5,350 16,500 January February March April May $5,160 $4.960 14.500 16,000 $5,320 16,300 $5,500 June 15,100 $5,050 $4,560 July 14.000 Print Done Enter any number in the edit fields and then click Check