Coronado industries uses job order costing for its brand new line of sewing machines. the cost incurred for production during 2017 totaled $24000 of materials, $17000 of direct labor costs, and $14000 of manufacturing overhead applied. the company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. beginning work in process totaled $23000, and the ending balance is $17000. during the year, the company completed 25 machines. how much is the cost per machine?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.