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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

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-ton miles," which is the total number of tons multiplied by the miles moved.

Transportation Costs Gross-Ton Miles
January $709,700 210,000
February 791,200 235,000
March 559,200 152,000
April 758,600 227,000
May 636,200 183,000
June 815,700 247,000

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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