Patriot Railroad decided to use the high low method and operating
Patriot Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Patriot Railroad is a measure of railroad operating activity, termed “gross- ton miles,” which is the total number of tons multiplied by the miles moved.


Determine the variable cost per gross- ton mile and the total fixedcost.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help