Great Plains Railroad decided to use the high-low method and operating data from the past six months…


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29.99

Great Plains Railroad decided to use the high-low method and operating data from the past six months… 1 answer below » Great Plains 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 Great Plains Railroad is a measure of railroad operating activity, termed “gross-ton miles,” which is the total number of tons multiplied by the miles moved. View complete question » Transportation Costs Gross-Ton Miles January $1,050,000 285,000 February 1,150,000 325,000 March 1,350,000 400,000 April 1,00 Great Plains 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 Great Plains 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 Miles January $1,050,000 285,000 February 1,150,000 325,000 March 1,350,000 400,000 April 1,000,000 250,000 May 1,225,000 375,000 June 1,600,000 450,000 Determine the variable cost per gross-ton mile and the fixed cost. View less » Jul 24 2014 07:48 AM

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29.99