Business, 25.06.2019 10:10, tonytashaqua

Kristen chen, 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, chen wants to set the delivery fee based on the distance driven to deliver the flowers. chen 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 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 17 comma 000 miles. let's begin by determining the formula that is used to calculate the variable cost (slope). change in cost / change in volume = variable cost (slope) now determine the formula that is used to calculate the fixed cost component. - = fixed cost

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Kristen chen, owner of flower hour, operates a local chain of floral shops. each shop has its own de...