Chec Exercise 11-3 Determining fixed cost per unit LO 11-1 Thornton Corporation incurs the following annual fixed costs: Item Depreciation Officers' salaries Long-term lease Property taxes Cost $ 65,00 170,000 60,000 12,000 Required Determine the total fixed cost per unit of production, assuming that Thornton produces 3,000, 3,500, or 4,000 units. (Round your answers to 2 decimal places.) 3,000 3,500 4,000 Units Produced Fixed cost per unit 9 03 e PHILIPS