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Fixed cost Kathy Coughin, owner of Tulip Time, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Coughlin wants to set the delivery fee based on the distance driven to deliver the flowers. Coughlin 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 following data from the past seven months: (Click the icon to view the date.) Use the high-low method to determine Tulip Time's cost equation for van operating costs. Use your results to predict van operating costs at a valume of 16,500 miles. Let's begin by determining the formula that is used to calculate the variable cost (slope) = Variable cost (slope) Now determine the formula that is usbd to calculate the fixed cost component Data Table Use the high-low method to determine Tulip Time's operating cost equation. (Rour y=$ Month Miles Driven Van Operating costs Use the operating cost equation you determined above to predict van operating co January 15,900 $5,420 The operating costs at a volume of 16,500 miles is February 18,000 $5,460 March 15,300 $5,100 April 16,300 $5,290 May 17.000 $5,520 15.700 $5,150 July 15,000 $4,950 x+$ June Shoose from any list or enter any number in the input fields and then continu Print Done Done

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