Question: 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

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 7,000, 7,500, or 8,000 units. (Round your answers to 2 decimal places.)

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