Question: Exercise 2-3A (Algo) Determining fixed cost per unit LO 2-1 Franklin Corporation incurs the following annual fixed costs: Item Cost Depreciation $ 62,000 Officers salaries

Exercise 2-3A (Algo) Determining fixed cost per unit LO 2-1

Franklin Corporation incurs the following annual fixed costs:

Item Cost
Depreciation $ 62,000
Officers salaries 160,000
Long-term lease 90,000
Property taxes 11,000

Required

Determine the total fixed cost per unit of production, assuming that Franklin produces 6,000, 6,500, or 7,000 units. (Round your answers to 2 decimal places.)

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