A company has a single product with a selling price of $12 per unit, which is calculated as variable cost per unit, plus 20%. At an output level of 5,000 units it makes a loss of $8,000
What is the company's total fixed cost?
$ ________
The correct answer is: $18,000
(5,000 × $12 × 20 ÷ 120) + 8,000 = $18,000
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