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High-Low Method for Service Company Miss River Railroad...

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Accounting

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High-Low Method for Service Company Miss River Railroad decided to use the high-low method and operating data from the past six months to estimate the fixe measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the mile: Determine the variable cost per gross-ton mile and the fixed costs. Round variable cost per unit to the nearest cent. Variable cost per gross-ton mile Fixed cost BeerBev, Inc., reported the following operating information for a recent year (in millions): Assume that BeerBev sold 64 million barrels of beer during the year, that variable costs were 75% of the cost of goods sold and fixed. For the following year, assume that BeerBev expects pricing, variable costs per barrel, and fixed costs to remain constant, by $26.88 million. a. Compute the break-even sales (in barrels) for the current year. Round your answer to two decimal places. Enter your answers million barrels b. Compute the anticipated break-even sales (in barrels) for the following year. Round your answer to twotdecimal places. Enter million barrels

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