High-Low Method for Service Company Miss River 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 Miss River 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 $1,278,200 340,000 February 1,425,100 380,000 March 1,007,200 246,000 April 1,366,400 368,000 May 1,146,000 296,000 June 1,469,200 400,000 Determine the variable cost per gross-ton mile and the fixed costs. Round variable cost per unit to the nearest cent. Variable cost per gross-ton mile Fixed cost