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. Transportation Costs Gross-Ton Miles January $484,400 228,000 February 540,100 255,000 March 381,700 165,000 April 517,800 247,000 May 434,300 198,000 June 556,800 268,000 Determine the variable cost per gross-ton mile and the total fixed cost. per gross ton mile Variable cost (Round to two decimal places.) Total fixed cost