< High-Low Method for a Service Company Continental 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 Continental Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. January February March April May June Transportation Costs Check My Work $24,500,000 22,375,000 29,000,000 34,800,000 40,312,500 35,500,000 1 Gross-Ton Miles 3,000,000 2,500,000 6,300,000 9,500,000 12,750,000 10,000,000 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 Next