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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

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 $658,400 309,000
February 734,100 346,000
March 518,800 224,000
April 703,800 335,000
May 590,300 269,000
June 756,800 364,000

Determine the variable cost per gross-ton mile and the total fixed cost.

Variable cost (Round to two decimal places.) $ per gross-ton mile
Total fixed cost $

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