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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

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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 bed and variable components of transportation costs. The activity and 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 51,380,000 356,000 February 1,539,500 398,000 March 1,080,000 255.000 April 1.476,000 385.000 May 1.227.900 010,000 June 1,587,100 $19,000 Determine the variable cost per gross ton mile and the total fue costi Variable cout (Round to two decimal places.) per gross ton mile Totalfied cost

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