Vernon Corporation incurs the following annual fixed costs. Item Cost $ 52,000 120,000 85,000 9,000 Depreciation Officers' salaries Long-term lease Property taxes Required Determine the total fixed cost per unit of production, assuming that Vernon produces 1,500, 2,000, or 2,500 units. (Round your answers to 2 decimal places.) Units Produced 1,500 2,000 2,500 Fixed cost per unit

Vernon Corporation incurs the following annual fixed costs. Item Cost $ 52,000 120,000 85,000 9,000 Depreciation Officers' salaries Long-term lease Property taxes Required Determine the total fixed cost per unit of production, assuming that Vernon produces 1,500, 2,000, or 2,500 units. (Round your answers to 2 decimal places.) Units Produced 1,500 2,000 2,500 Fixed cost per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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