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Ch 2 Ques 4 Fanning Corporation incurs the following annual fixed costs: Item Cost Depreciation $ 80,000 Officers salaries 190,000 Long-term lease 42,000 Property taxes
Ch 2 Ques 4
Fanning Corporation 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.
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Audit Guide Government Auditing Standards And Single Audits
Authors: AICPA
1st Edition
1945498447, 978-1945498442
