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Kim Jungemann, owner of Tulip Time, operates a local chain of floral shops Each shop...

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Accounting

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Kim Jungemann, owner of Tulip Time, operates a local chain of floral shops Each shop has its own delivery van instead of charging a flat delivery foe, Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers. Jungemann wants to separate the foxed 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 data) 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 volume of 16,500 miles Let's begin by determining the formula that is used to calculate the variable cost (slope) 0 Data Table = Variable cost (slope) Month January ..... February......... March.... ...... Miles Driven 15,900 18.000 15,300 16,300 17.000 15,700 15,000 Van Operating costs $5,420 $5,460 $5,100 $5,290 $5,520 $5,150 $4,950 May June... Print Done Choose from any drop-down list and then click Check

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