Step 1 :Given that $y$ is directly proportional to $x$, we can write the equation as $y = kx$.
Step 2 :Substitute the given values of $y = 55.2$ and $x = 12$ into the equation to find the constant of proportionality $k$.
Step 3 :Rearrange the equation to $k = \frac{y}{x}$ and substitute the given values to get $k = \frac{55.2}{12}$.
Step 4 :Calculate the value of $k$ to get $k \approx 4.6$.
Step 5 :Substitute the value of $k$ into the equation $y = kx$ to get the variation equation in terms of $x$ as $y = 4.6x$.
Step 6 :Given that $x = 14$, substitute $x$ into the equation $y = 4.6x$ to find the value of $y$.
Step 7 :Calculate the value of $y$ to get $y \approx 64.4$.
Step 8 :\(\boxed{k \approx 4.6}\)
Step 9 :\(\boxed{y = 4.6x}\)
Step 10 :\(\boxed{y \approx 64.4}\)