{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T08:08:48-04:00", "answer_date": "2024-05-26 08:08:48", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1729111", "url": "\/study-help\/questions\/highlow-method-for-a-service-company-boston-railroad-decided-to-1729111", "question_creation_date_js": "2024-05-26T08:08:48-04:00", "question_creation_date": "May 26, 2024 08:08 AM", "meta_title": "[Solved] High-Low Method for a Service Company Bos | SolutionInn", "meta_description": "Answer of - High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the p | SolutionInn", "meta_keywords": "high-low,method,service,company,boston,railroad,decided,operating,data,six,months,estimate", "question_title_h1": " 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", "question_title": " High-Low Method for a Service Company Boston Railroad decided to use", "question_title_for_js_snippet": "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 $883,100 371,000 February March 984,600 415,000 695,900 269,000 April May June 944,000 402,000 791,800 323,000 1,015,100 437,000 Determine the variable cost per gross ton mile and the total fixed cost Variable cost (If required, round to two decimal places ) Total fixed cost per gross ton mile", "question_description": "\"image", "transcribed_text": "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 $883,100 371,000 February March 984,600 415,000 695,900 269,000 April May June 944,000 402,000 791,800 323,000 1,015,100 437,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) Total fixed cost per gross-ton mile", "related_book": { "title": "Intermediate Accounting", "isbn": "324300980, 978-0324300987", "edition": "10th Edition", "authors": "Loren A Nikolai, D. Bazley and Jefferson P. Jones", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/120.jpg", "uri": "\/textbooks\/intermediate-accounting-10th-edition-120", "see_more_uri": "" }, "free_related_book": { "isbn": "0133029905", "uri": "\/textbooks\/organizational-behavior-15th-edition-9780133029901-101143", "name": "Organizational Behavior", "edition": "15th Edition" }, "question_posted": "2024-05-26 08:08:48", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/it-has-been-reported-that-the-49600-employees-of-united", "description": "It has been reported that the 49,600 employees of United Airlines are distributed among the following corporate functions: For the sample space consisting of United employees: a. Draw a Venn diagram...", "stars": 3 }, { "url": "\/what-are-the-major-parts-of-a-balanced-scorecard-why", "description": "What are the major parts of a balanced scorecard? Why are these parts needed?", "stars": 3 }, { "url": "\/study-help\/managing-organizational-change\/an-appropriate-vision-for-change-will-most-likely-emerge-through-1776430", "description": "An appropriate vision for change will most likely emerge through consultation with the organizations members. LO.1", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/23-a-coin-having-probability-p-of-coming-up-heads-1982859", "description": "23. A coin having probability p of coming up heads is successively flipped until two of the most recent three flips are heads. Let N denote the number of flips. (Note that if the first two flips are...", "stars": 3 }, { "url": "\/which-of-the-following-cases-meet-the-substantively-the-same", "description": "Which of the following cases meet the substantively the same governing body criterion? Is this sufficient to indicate that a component unit should be blended in a citys financial statements instead...", "stars": 3 }, { "url": "\/study-help\/questions\/data-table-requirements-foh-to-the-1-compute-the-9855083", "description": "Data Table Requirements FOH = to the 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances 2. Explain why the variances are favorable or...", "stars": 3 }, { "url": "\/study-help\/questions\/i-need-help-with-this-problem-project-option-2-buy-2306905", "description": "I need help with this problem. Project Option #2: Buy PolarBear Seltzer, Co. Expansion Project Title Project Description and Details Project Cost (Initial Investment) First Year Cash Flow Annual...", "stars": 3 }, { "url": "\/study-help\/questions\/statement-of-owners-equity-xavier-heffner-owns-and-operates-heffner-6716688", "description": "Statement of Owner's Equity Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $220,400. During the year, Xavier invested an...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-the-first-element-in-the-architecture-of-a-5185960", "description": "What is the first element in the architecture of a loyalty program? Select one: a. SMART analysis. b. SWOT analysis. c. Initial business case. d. Strategic planning", "stars": 3 }, { "url": "\/study-help\/questions\/find-the-unit-tangent-vector-to-the-curve-at-the-1000874", "description": "Find the unit tangent vector to the curve at the specified value of the parameter. (Give your answers correct to 3 decimal places.) r(t) i+6j, t=2 = Enter a number. Submit Answer -\/6 Points] DETAILS...", "stars": 3 }, { "url": "\/study-help\/questions\/for-the-gear-and-shaft-assembly-shown-in-the-following-1023883", "description": "For the gear and shaft assembly shown in the following figure, Fc = 750 N. Determine the reaction forces the bearings at locations \"B\" and \"D\" apply to the shaft. z do D Gear 1 50-mm dia. bazius 45...", "stars": 3 }, { "url": "\/study-help\/questions\/use-the-stock-table-below-to-answer-parts-a-through-1007424", "description": "Use the stock table below to answer parts a through g. Assume that the data for Company XYZ stock came from an online quote you looked at during lunch. Last Change %Change 14.39 +0.27 1.91 Open High...", "stars": 3 }, { "url": "\/study-help\/questions\/an-owner-decided-to-franchise-it-to-become-a-chain-1000033", "description": "An owner decided to franchise it to become a chain of seven furniture shops in Australia with a total of 85 employees and $49,600 revenue each day. Some franchises have been around for 3 years while...", "stars": 3 }, { "url": "\/study-help\/questions\/question-3-1-point-garden-tools-inc-has-bonds-preferred-8423632", "description": "Question 3 (1 point) Garden Tools Inc. has bonds, preferred stock, and common stocks outstanding. The number of securities outstanding, the current market price, and the required rate of return for...", "stars": 3 }, { "url": "\/draw-two-scatterplots-one-for-which-r-1-and", "description": "Draw two scatterplots, one for which r = 1 and a second for which r = 21.", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-advanced-accounting\/9-how-does-a-devise-differ-from-a-legacy-a-1683436", "description": "9. How does a devise differ from a legacy? a. A devise is a gift of money and a legacy is a nonmonetary gift. b. A devise is a gift to an individual and a legacy is a gift to a charity or other...", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-advanced-accounting\/13-what-is-the-objective-of-the-process-of-abatement-1683440", "description": "13. What is the objective of the process of abatement? a. To give legal structure to the reductions that must be made if an estate has insufficient assets to satisfy all legacies. b. To ensure that...", "stars": 3.5 }, { "url": "\/study-help\/fundamentals-of-advanced-accounting\/7-why-are-claims-against-an-estate-put-into-an-1683434", "description": "7. Why are claims against an estate put into an order of priority? a. To help the executor determine the due date for each claim. b. To determine which claims are to be paid if funds are insufficient...", "stars": 3.5 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/prepare-cash-budget-for-3-months-windsor-corporation-expects-the-1729110", "next": "\/study-help\/questions\/jitra-pencil-sdn-bhd-jpisb-manufactures-pencils-using-lumber-blocks-1729112" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " High-Low Method for a Service Company Boston Railroad decided to use", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/highlow-method-for-a-service-company-boston-railroad-decided-to-1729111" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } }