Omega Corporation is proposing a reorganization based on a going-concern value of $3,000,000. The new structure will have $1,000,000 in new mortgage debt, $150,000 in subordinated debt and $2,000,000 in new equity. All creditors, both secured and unsecured, are owed $5,000,000 dollars. There is a mortgage lien for $2,000,000 on the company's buildings. The corporate tax rate is 34%. How much should the unsecured creditors receive

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.