Boston 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 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 Transportation Costs Gross Ton Miles January $658,400 309,000 February 734,100 346,000 March 518,800 224,000 April 703,800 335,000 May 590,300 269,000 June 756,800 364,000 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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Question: Boston 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

Boston 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 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.

	Transportation Costs	Gross-Ton Miles
January	$658,400	309,000
February	734,100	346,000
March	518,800	224,000
April	703,800	335,000
May	590,300	269,000
June	756,800	364,000

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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