Fanning Corporation incurs the following annual fixed costs. Item Depreciation Officers' salaries Long-term lease Property taxes Cost $ 80,000 190,000 42,000 48,000 Required Determine the total fixed cost per unit of production, assuming that Fanning produces 4,000. 4,500, or 5,000 units. 4,000 4,500 5,000 Units Produced Fixed cost per unit