Kate Battle, owner of Flower Hour, operates a local chain of floral shops. Each shop has...

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Kate Battle, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Battle wants to set the delivery fee based on the distance driven to deliver the flowers. Battle wants to separate the fixed and variable portions of the van's operating costs to get a better idea of how delivery distance affects these costs. Here are the data from the past seven months: View the data. Use the high-low method to determine Flower Hour's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 16,000 miles. Let's begin by determining the formula that is used to calculate the variable cost (slope). Data Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Month January February Miles Driven Van Operating Costs 15,500 $5,390 17,400 $5,280 Fixed cost March 15,400 $4,960 Use the high-low method to determine Flower Hour's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) April. 16,300 $5,340 May 16,500 $5,450 y = x + June 15,200 $5,230 Use the operating cost equation you determined above to predict van operating costs at a volume of 16,000 miles. July 14,400 $4,680 The operating costs at a volume of 16,000 miles is culator Print Done - Next Kate Battle, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Battle wants to set the delivery fee based on the distance driven to deliver the flowers. Battle wants to separate the fixed and variable portions of the van's operating costs to get a better idea of how delivery distance affects these costs. Here are the data from the past seven months: View the data. Use the high-low method to determine Flower Hour's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 16,000 miles. Let's begin by determining the formula that is used to calculate the variable cost (slope). Data Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Month January February Miles Driven Van Operating Costs 15,500 $5,390 17,400 $5,280 Fixed cost March 15,400 $4,960 Use the high-low method to determine Flower Hour's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) April. 16,300 $5,340 May 16,500 $5,450 y = x + June 15,200 $5,230 Use the operating cost equation you determined above to predict van operating costs at a volume of 16,000 miles. July 14,400 $4,680 The operating costs at a volume of 16,000 miles is culator Print Done - Next