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Determine the variable cost per gross-ton mile

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Question - High-low method for Service Company

Blowing Rock 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 Blowing Rock 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 $597,600  239,000

February 666,300  267,000

March 470,900  173,000

April 638,800  259,000

May 535,800  208,000

June 686,900  281,000

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

What is the Variable cost (to the nearest cent): per gross-ton mile?

Reference no: EM131785008

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