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THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 112. Test Company derived the following cost function for the production of its product. Cost =$16,000+$10X, where x

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THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 112. Test Company derived the following cost function for the production of its product. Cost =$16,000+$10X, where x is the number of units. Next month, Test Company expects to produce 5,000 units. Determine the total variable cost to produce 5,000 units. Note: Give your answer using dollar signs and commas but no decimal points (cents). Example: $12,345

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