Module 5 Textbook Problem 1 Learning Objectives: 5-3 Identify and describe fixed, variable, and mixed cost behavior 5-4 Demonstrate the effects of operating leverage on profitability Gibson Corporation incurs the following annual fixed costs. Item Depreciation Officers' salaries Long-term lease Property taxes Cost $ 60,000 160,000 80,000 9,000 Required Determine the total fixed cost per unit of production, assuming that Gibson produces 6,500, 7,000, or 7,500 units. (Round your answers to 2 decimal places.) Units Produced Fixed cost per unit 6,500 7,000 7,500