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River Runs Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of

River Runs 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 River Runs Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved.

Month Transportation Costs Gross-Ton Miles
January $987,700 225,000
February 1,101,200 252,000
March 778,300 163,000
April 1,055,800 244,000
May 885,500 196,000
June 1,135,300 265,000

Determine the variable cost per gross-ton mile and the fixed cost. Round variable cost per gross-ton mile to two decimal places. Variable cost fill in the blank 1 of 2$ per gross-ton mile Fixed cost fill in the blank 2 of 2$

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