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 $1,044,700 261,000 February 1,164,800 292,000 March 823,200 189,000 April 1,116,700 282,000 May 936,600 227,000 June 1,200,800 307,000 Determine the variable cost per gross ton mile and the total fixed cost Variable cost (Round to two decimal places ) $fill in the blank 1 per gross ton mile Total fixed cost

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Question: 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

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	$1,044,700	261,000
February	1,164,800	292,000
March	823,200	189,000
April	1,116,700	282,000
May	936,600	227,000
June	1,200,800	307,000

Determine the variable cost per gross-ton mile and the total fixed cost.

Variable cost (Round to two decimal places.)	$fill in the blank 1 per gross-ton mile
Total fixed cost

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