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 Gross-Ton Miles $996,000 265,000 1,110,500 296,000 784,800 192,000 1,064,700 287,000 892,900 231,000 1,144,800 312,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost Check My Work 3 more Check My Work uses remaining. per gross-ton mile Previous Next Email Instructor Save and Exit Submit Assignment for Grading