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

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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
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