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Determine the variable cost per gross-ton mile

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Question - High-Low method for a service company

Boston 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 Boston 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

$1,776,000

560,000

February

2,700,000

1,000,000

March

1,650,000

500,000

April

1,860,000

600,000

May

1,440,000

400,000

June

1,566,000

460,000

Determine the variable cost per gross-ton mile and the total fixed cost.

Reference no: EM131565219

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