The followings are economic activities involving either direct finance or indirect finance. Please fill the blank from the following: direct finance; indirect finance. A corporation buys commercial paper issued by another corporation. This is ; A pension fund manager buys commercial paper from the issuing corporation. This is ; An insurance company buys shares of common stock in the over-the-counter markets. This is ; People buy shares in a mutual fund. This is ; A corporation takes out loans from a bank. This is ; A startup company borrows $100,000 from an individual investor for two years with $10,000 interest payment per year. This is ;

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.