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 MilesJanuary $1,776,000 560,000February 2,700,000 1,000,000March 1,650,000 500,000April 1,860,000 600,000May 1,440,000 400,000June 1,566,000 460,000Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) $ per gross-ton mileTotal fixed cost $
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
True or false: A smart store layout moves customers in and out as fast as possible. a) True b) False
Answers (2)
Which of the following uses a nonrenewable energy source? A. Windmill B. Swimming pool C. Fruit Orchard D. Power Plant
Answers (2)
Indigo Corporation significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $35,100 and ending receivables of $196,800.
Answers (1)
Classify each of the following statements as positive or normative. Statement Positive Normative. a) The Federal Reserve should reduce the rate of money growth. b) Economic development should not take place at the expense of social justice.
Answers (1)
Jean-paul, the store manager at an h& m outlet, was speaking with patty, his new assistant manager, about the store's system of job relationships; he also explained whom she will report to and who will report to her.
Answers (1)
New Questions in Business
Which type of tax does the fedreal goverment collect
Answers (1)
A food truck is an example of which kind of distribution channel? a. E-commerce b. Over the counter c. Vending machine d. Street vendors
Answers (1)
Which of the following is the best example of a marginal change? Select one: a. After graduating college, Audrey's income increases from $500 per month to $3,000 per month. b. Morgan gets a raise at her part-time job and is now paid $7.
Answers (1)
Joe wants consumers and farmers, as well as "the entire planet," to be "healthy and well." Debra also talks about "doing good while doing well." Joe and Debra use to measure Theo Chocolate's success.
Answers (1)
Old Thyme Manufacturing offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the basis of their age, earnings, and years of service.
Answers (1)