Question: HW_Ch 20 eBook Show Me How High-Low Method for a Service Company Continental Railroad decided to use the high-low method and operating data from

HW_Ch 20 eBook Show Me How High-Low Method for a Service Company

HW_Ch 20 eBook Show Me How 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 acti 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. January Transportation Costs $1,429,800 Gross-Ton Miles February March April May June 336,000 1,594,100 375,000 1,126,600 243,000 1,528,400 363,000 1,281,900 292,000 1,643,400 395,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost per gross-ton mile

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