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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 test and variable coments of transportation costs. The activity used by Continental Railroad is a measure of and operating activity, termed gross ton miles which is the total number of tons mund w me miles moved. Transportation costs Gross-Ton Miles January $1.479.000 358,000 February 1,649.000 400,000 March 1,165,400 259,000 April 1,581,000 387,000 May 1,326,000 312,000 June 1,700,000 421.000 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

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