Use the following information for Brief Exercises 3-26, 3-27, 3-28, and 3-29: Speedy Pete's is a small start-up company that delivers high-end coffee drinks to large metropolitan office buildings via a cutting-edge motorized coffee cart to compete with other premium coffee shops. Data for the past 8 months were collect as follows: Month Delivery Cost Number of Deliveries May $63,450 1,800 June 67,120 2,010 July 66,990 2,175 August 68,020 2,200 September 73,400 2,550 October 72,850 2,630 November 75,450 2,800 December 73,300 2,725 Brief Exercise 3-26. Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Objective 3 Example 3.2 Refer to the information for Speedy Pete's above. Speedy Pete's controller wants to calculate the fixed and variable costs associated with its cutting-edge delivery service. Required: Using the high-low method, calculate the fixed cost of deliveries, calculate the variable rate per delivery, and construct the cost formula for total delivery cost. Brief Exercise 3-27. Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Objective 3 Example 3.3 Refer to the information for Speedy Pete's above. Assume that this information was used to construct the following formula for monthly delivery cost. Required: Assume that 3,000 deliveries are budgeted for the following month of January. Use the total delivery cost formula for the following calculations: 1. Calculate total variable delivery cost for January. 2. Calculate total delivery cost for January. Brief Exercise 3-28. Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period Objective 3 Example 3.4 Refer to the information for Speedy Pete's on the previous page. Assume that this information was used to construct the following formula for monthly delivery cost. Required: Assume that 3,000 deliveries are budgeted for the coming year. Use the total delivery cost formula to make the following calculations: 1. Calculate total variable delivery cost for the coming year. 2. Calculate total fixed delivery cost for the year. 3. Calculate total delivery cost for the year