**High-Low Method for a Service Company**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.| Month | Transportation Costs | Gross-Ton Miles ||------------|----------------------|-----------------|| January | $690,500 | 230,000 || February | $769,900 | 257,000 || March | $544,100 | 166,000 || April | $738,100 | 248,000 || May | $619,100 | 200,000 || June | $793,700 | 270,000 |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: $_____**Instructions:**Use the "Check My Work" feature to verify your calculations as needed.

High-Low Method for a Service Company 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 $690,500 769,900 544,100 738,100 619,100 793,700 January 230,000 February 257,000 March 166,000 April 248,000 May 200,000 June 270,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) Total fixed cost per gross-ton mile

High-Low Method for a Service Company 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 $690,500 769,900 544,100 738,100 619,100 793,700 January 230,000 February 257,000 March 166,000 April 248,000 May 200,000 June 270,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) Total fixed cost per gross-ton mile

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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High-Low Method for a Service Company 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 $1,324,700 294,000 February 1,476,900 329,000 March 1,043,800 213,000 April 1,416,000 318,000 May 1,187,600 256,000 June 1,522,600 346,000 Determine the variable cost per gross-ton mile and the fixed cost. Variable cost (Round to two decimal places.) %$4 per gross-ton mile Total fixed cost Check My Work 4 more Check My Work uses remaining. Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Gra %24 %24
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Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (11,200 units at $280 each) Variable costs (11,200 units at $210 each) Contribution margin Fixed costs Income $ 3,136,000 2,352,000 784,000 567,000 $ 217,000 1. Compute break-even point in units. 2. Compute break-even point in sales dollars. 1. Break-even units 2. Break-even sales dollars units
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High-Low Method for a Service Company Continental 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 Continental Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. January February March April May June Transportation Costs Gross-Ton Miles $536,200 225,000 597,800 252,000 422,500 163,000 573,200 244,000 480,700 196,000 616,300 265,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost pe
Variable Costing Income Statement for a Service Company East Coast Railroad Company transports commodities among three routes (city-pairs): Atlanta/Baltimore, Baltimore/Pittsburgh, and Pittsburgh/Atlanta. Significant costs, their cost behavior, and activity rates for April are as follows:
High-Low Method for a Service Company 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 $1,061,200 303,000 February 1,183,200 338,000 March 836,200 219,000 April 1,134,400 328,000 May 951,400 263,000 June 1,219,800 356,000 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 $fill in the blank 2
High-Low Method for a Service Company 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.