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Estimate the fixed and variable components of transportation

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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            $807,500          307,000

February           900,400            343,000

March               636,300            222,000

April                 863,200            332,000

May                 724,000             267,000

June                 928,200            361,000

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

Variable cost (Round to two decimal places.)$ per gross-ton mileTotal fixed cost$

Reference no: EM132315429

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