Question: the answers given previously were incorrect High-Low Method for Service Company Miss River Railroad decided to use the high-low method and operating data from the
the answers given previously were incorrect
High-Low Method for Service Company Miss River 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 Miss River Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Determine the variable cost per gross-ton mile and the fxed cost. Round variable cost per unit to the nearest cent. Variable cost X pergross-ton mile Fixed cost x
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