A company reports the following information for its first year of operations: Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 43,000 units 39,000 units $ 0.57 per unit $ 0.83 per unit $26,660 in total ? in total If the company's cost per unit of finished goods using variable costing is $2.02, what is the amount of total fixed overhead?

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.