Bpm corp. is a manufacturer of radar systems for regional-sized jet aircraft. the company has announced plans to enter into a joint venture with j3 composites, a producer of advanced composite materials. the announced venture will produce a new, combined product consisting of the radar unit and protective composite cover. which of the following ownership arrangements would be most typical for a joint venture a. bpm will own more than 50 percent of the venture and a new company will be formed. b. bpm and j3 will both own 50 percent of the venture but no new company will be formed. c. bpm and j3 will both own 50 percent of the venture and a new company will be formed. d. j3 will own more than 50 percent of the venture and a new company will be formed.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

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crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?