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 $849,900 283,000 February 947,600 316,000 March 669,700 205,000 April 908,500 306,000 May 762,000 246,000 June 976,900 333,000 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 Check My Work 3 more Check My Work uses remaining Cave and Evil Cushmit Accionment for Gradine All work envnd