Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. high-low method for a service company boston rai

High-Low Method for a Service Company Boston Railroad decided to use the high-low...

50.1K

Verified Solution

Question

Accounting

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.
Determine the variable cost per gross-ton mile and the total fixed cost.
Variable cost (If required, round to two decimal places.) $
per gross-ton mile
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

e coins stacked vertically Both stacks of coins have the same number of the same...

Physics
1.2K views

A block of mass M sits at rest at the top of a frictionless curved ramp...

Operations Management
1.2K views

Discuss the various attitudes and perspectives on social responsibility: a) How could a strategist’s attitude toward social responsibility...

Accounting
1.2K views

ChocAttack makes candy bars for vending machines and sells them to vendors in cases of 30...

Biology
1.2K views

One of the primary reasons for China s failure to resist the British during the...

Physics
1.2K views

Find minimum force required to applied to the trolley of mass 9m so that blocks...

Basic Math
1.2K views

3 of 3 apped Book Print rences Complete this question by entering your answers in...

Accounting
1.2K views

Preparation of tax returns and related schedules can be very helpful in terms...

Accounting
1.2K views

on january 1, 2024, the general ledger of dynamite fireworks includes the following account balances:...

Accounting
1.2K views

show all steps plz Use the data below for the following...

Finance
1.2K views

Section 13.3 18. Thomas is planning to withdraw $8000 from a savings account at the...

Accounting
1.2K views

You work in the accounting department of a major flat-screen television manufacturer. Demand for your...