Book Show Me How Print Item 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 totall number of tons multiplied by the miles moved.. January February March April May June Transportation Costs Gross-Ton Miles $693,600 241,000 773,300 269,000 546,500 174,000 741,400 260,000 621,800 209,000 797,200 283,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost eck My Work per gross-ton mile Previous