Question: Boston Railroad decided to use the high low method and operating data from the past 6 months to estimate the fixed and variable components of

Boston Railroad decided to use the high low method and operating data from the past 6 months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity termed "gross ton miles" which is the total number of tons multiplied by the miles moved. Boston Railroad decided to use the high low method and operating data

High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the f is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied b Transportation Costs Gross-Ton Miles January $1,020,900 272,000 February 1,138,200 304,000 March 804,400 197,000 April 1,091,300 294,000 915,300 237,000 June 1,173,400 320,000 Determine the variable cost per gross-ton mile and the total fized costs Variable cost (Round to two decimal places.) per gross-ton mile Total fixed cost May

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