Problem: 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 Fanning Corporation incurs the following annual fixed costs. Required Determine the total fixed cost per unit of production, assuming that Fanning produces 8,000,8,500,00,900 units. (Round yo answers to 2 decimal places.) rrodiem: moaule s textbook rrodiem Learning Objectives: - 53 Identify and describe fixed, variable, and mixed cost behavior - 5.4 Demonstrate the effects of operating leverage on profitability The following variable production costs apply to goods made by Adams Manufacturing Corporation. Required Determine the total variable production cost, assuming that Acams makes 9,000,19,000, or 29,000 units Problem: Module 5 Textbook Problem 5 Learning Objective: 5.5 Prepare an income statement using the contribution margin approach Estrada Corporation produced 212,000 watches that it sold for $17 each. The company determined that fired mariufacturing cost per unit was $7 per watch. The company reported a $1,060,000 gross margin on its financial statements: Required Determine the varlable cost per unit, the total vatiable product cont, and the total contribution margin