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

Sierra Railroad Inc. 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 Sierra Railroad is gross-ton miles, which is the total number of tons multiplied by the miles moved.

Month Transportation Costs Gross-Ton Miles
January $1,172,800 347,000
February 1,307,600 388,000
March 924,100 251,000
April 1,253,600 375,000
May 1,051,400 302,000
June 1,348,000 408,000

Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) fill in the blank 1 of 2$ per gross-ton mile Total fixed cost fill in the blank 2 of 2$

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