Fanning Corporation incurs the following annual fixed costs: Item Cost Depreciation ...............$ 80,000 Officers' salaries............190,000 Long-term lease..............42,000

Question:

Fanning incurs the following annual fixed costs:
Item Cost
Depreciation ...............$ 80,000
Officers' salaries............190,000
Long-term lease..............42,000
Property taxes................48,000
Required
Determine the total fixed cost per unit of production, assuming that Fanning produces 4,000, 4,500, or 5,000 units.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...