2.

Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function 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 with other premium coffee shops. Data for the past 8 months were collected as follows: Speedy Pete's controller wants to calculate the fixed and variable costs associated with its cutting-edge delivery service. Required: 1. Using the high-low method, calculate the fixed cost of deliveries. $ 2. Using the high-low method, calculate the variable rate per delivery. $ 3. Using the high-low method, construct the cost formula for total delivery cost. Total Delivery Cost =$+($ Number of Deliveries ) Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function 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 with other premium coffee shops. Data for the past 8 months were collected as follows: Speedy Pete's controller wants to calculate the fixed and variable costs associated with its cutting-edge delivery service. Required: 1. Using the high-low method, calculate the fixed cost of deliveries. $ 2. Using the high-low method, calculate the variable rate per delivery. $ 3. Using the high-low method, construct the cost formula for total delivery cost. Total Delivery Cost =$+($ Number of Deliveries )