12:06 . LTE Eli Chapter 11 Homework 04-18-2023 6):) HighLow Method for Service Company Miss River Railroad decided to use the highlow method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Miss River Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $1,432,300 369,000 February 1,596,900 412,000 March 1,128,600 257,000 April 1,531,100 399,000 May 1,234,100 321,000 June 1,546,300 434,000 Determine the variable cost per gross-ton mile and the fixed cost. Round variable cost per unit to the nearest cent. Variable cost $:] per gross-ton mile Fixed cost $ . Ch ._k Mi W V, 3 more Check M Work uses remainin Progress: 115 items y g AA 8 v2.cengagenow.com