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Blowing Rock Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of

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Blowing Rock 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 Blowing Rock Railroad is a measure of railroad operating activity, termed gross miles," which is the total number of tons multiplied by the milles moved. Determine the variable cost per gross-ton mile and the fixed cost. variable cost (Round to two decimal places.) $ Per gross-ton mile Total fixed cost $

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