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 $693,800 252,000 February 773,600 281,000 March 546,700 182,000 April 741,700 272,000 May 622,100 219,000 June 797,500 296,000 Determine the variable cost per gross-ton mile and the total fixed cost.Variable cost (If required, round to two decimal places.) fill in the blank 1 of 2$ per gross-ton mileTotal fixed cost fill in the blank 2 of 2$

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 $693,800 252,000 February 773,600 281,000 March 546,700 182,000 April 741,700 272,000 May 622,100 219,000 June 797,500 296,000 Determine the variable cost per gross-ton mile and the total fixed cost.Variable cost (If required, round to two decimal places.) fill in the blank 1 of 2$ per gross-ton mileTotal fixed cost fill in the blank 2 of 2$

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Month	Transportation Costs	Gross-Ton Miles
January	$693,800	252,000
February	773,600	281,000
March	546,700	182,000
April	741,700	272,000
May	622,100	219,000
June	797,500	296,000

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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 Miles January $1,776,000 560,000 February 2,700,000 1,000,000 March 1,650,000 500,000 April 1,860,000 600,000 May 1,440,000 400,000 June 1,566,000 460,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) $fill in the blank 1 per gross-ton mile Total fixed cost $fill in the blank 2
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 Miles January $1,037,700 268,000 February 1,157,000 299,000 March 817,700 194,000 April 1,109,300 290,000 May 930,400 233,000 June 1,192,800 315,000 Determine the variable cost per gross-ton mile and the fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per gross-ton mile Total fixed cost
Miss River 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 Miss River 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 $994,800 274,000 February 1,109,200 306,000 March 783,900 198,000 April 1,063,500 296,000 May 891,900 238,000 June 1,143,500 322,000 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
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 Miles January $1,776,000 560,000 February 2,700,000 1,000,000 March 1,650,000 500,000 April 1,860,000 600,000 May 1,440,000 400,000 June 1,566,000 460,000 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 Total fixed cost $
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 $693,800 252,000 February 773,600 281,000 March 546,700 182,000 April 741,700 272,000 May 622,100 219,000 June 797,500 296,000 Determine the variable cost per gross-ton mile and the total fixed cost.Variable cost (If required, round to two decimal places.) fill in the blank 1 of 2$ per gross-ton mileTotal fixed cost fill in the blank 2 of 2$
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