Question: 2. EX.20.08.ALGO (Algorithmic) High-Low Method for a Service Company Continental Railroad decided to use the high-low method and operating data from the past six months

2. EX.20.08.ALGO (Algorithmic) High-Low Method for a Service Company Continental Railroad

2. EX.20.08.ALGO (Algorithmic) High-Low Method for a Service Company Continental 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 Continental 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 $727,100 323,000 February 810,600 361,000 March 572,900 234,000 April 777,200 350,000 May 651,800 281,000 June 1835,700 380,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) per gross-ton mile $ $ Total fixed cost

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