- X Data Table Van Operating Costs Month Miles Driven $5,390 15,500 January $5,280 17,400 February. $4,960 15,400 March.. $5,340 16,300 April.. $5,450 May.. 16,500 $5,230 15,200 June... $4,680 14,400 July... Done Print Kim Reynolds, owner of Flower Power, operates a local chain of foral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Reynolds wants to set the delivery fee based on the distance anven to delilver the fowers. Reynolds 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 folowing data from the past seven months mCick the loon to view the data.) Use the high low method to detemine Flower Power's cost equation for van operating costs Use your resuts to predict van operating costs at a voluhe of 16,000 miles. Let's begin by delermining the formula that is used to calculate the variable cost (slope) Variable cost (slope) Change in cost Change in volumer Now determine the formuia that is used to calculate the fxed cost component Total variable cost Fixed cost Total operating cost Use the high-low method to detemine Flower Power's operating cost equation. (Round the varieble cosl to the nearest cent and the fxed cost to the nearest whole dollar) y $ x+S Use the operaling cosl equation you determined above to predict van operating costs at a volume of 16,000 miles The operaling costs at a volume of 16,000 miles is