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Sierra Railroad Inc. decided to use the high-low method and operating data from the past...

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Accounting

Sierra Railroad Inc. 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 Sierra Railroad is gross-ton miles, which is the total number of tons multiplied by the miles moved.
Month Transportation Costs Gross-Ton Miles
January $969,400323,000
February 1,080,900361,000
March 763,900234,000
April 1,036,300350,000
May 869,200281,000
June 1,114,300380,000
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

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