question 10

Continental Rairoad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of trensportation costs. The activity bose used by Continental Railroad is a measure of raliroad operating activity, termed "gross ton miles," which is the totat number of tons muitiplied by the miles moved. Determine the variable cost per gross-ton mile and the total fored cost. Variabin cost. (Round to two decimal places.) Total foxed cost per gross-ton mile