High-low method for a service company 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. January Transportation Costs $1,262,700 Gross-Ton Miles 360,000 February 1,407,900 403,000 March 995,000 261,000 April 1,349,800 390,000 May 1,132,100 314,000 June 1,451,400 424,000 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

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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

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials $ 10 Direct labor $7 $3 Variable manufacturing overhead Variable selling and administrative Fixed costs per year: $3 Fixed manufacturing overhead $ 380,000 Pixed selling and administrative $ 290,000 During the year, the company produced 38,000 units and sold 18,000 units. The selling price of the company's product is $61 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. A b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Req 1A Reg 28 Reg 2A Req 18 Compute the unit product cost. Assume that the company uses absorption costing. During the year, the…

High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow:   Total Costs Units Produced January $219,590   2,710 units February 168,480   1,680   March 262,080   4,080   Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a.  Variable cost per unit $ b.  Total fixed cost

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 The manufacturing costs of Heather Industries for three months of the year are provided below.   Total Costs Production January $297,360   1,540 units February 379,960   2,880   March 462,560   4,340   Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a.  Variable cost per unit $fill in the blank 1 b.  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.