Question: Please Help!! Thank you in advance High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the

Please Help!! Thank you in advance

Please Help!! Thank you in advance High-Low Method for a Service Company

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 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 $1,310,200 283,000 February 1,460,800 316,000 March 1,032,400 205,000 April 1,400,600 306,000 May 1,174,700 246,000 June 1,506,000 333,000 Determine the variable cost per gross-ton mile and the total fixed cost. $ per gross-ton mile Variable cost (Round to two decimal places.) Total fixed cost $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

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 fixed and variable components of transportation...

Thank you so much for your help :-) 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 fixed and...

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 fixed and variable components of transportation...

will rate answer, thank you! 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 fixed and variable...

Hello, I need help with my accounting class. I've missed classes because of a surgery. EX 21-8 High-low method for a service company Boston Railroad decided to use the high-low method and operating...

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 fixed and variable components of transportation...

Classify Costs lowing is a list of various costs incurred in producing replacement automobile parts. With respect to the production and sale of these auto parts, classify each cost as variable,...

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 fixed and variable components of transportation...

can you help me how to solve it thanks 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 fixed and...

Select a for-profit organization (company) to research. Look at its mission and values statements and then at its activities to determine what the organization is doing to live those statements (250...

In an economy C= 200 + 0.75 Y is the consumption function where C is consumption expenditure and Y is national income. Investment expenditure is 4,000. Calculate equilibrium level of income and...

Prosus Ltd . has recently declared that it had paid out 1 5 % of earnings as a dividend to its shareholders. Shareholders hope for at least 2 0 % . Prosus Ltd . further declared in its Financial...

Skills necessary for success in marketing include Multiple select question. analytical thinking advertising industry experience infallibility ability to work with others

What was the first HR error to be made?

Describe the Ethic of Justice. Why was it important in this situation?

Describe the Ethic of Critique. Why was it important in this situation?