The Winner Company manufactures school logo apparel for colleges and universities. The production of warm-up suits requires cutting, sewing, and screen printing. Cutting requires 0.25 hours, sewing requires 3 hours, and screen printing requires 0.10 hours. The standard direct labor rate per hour is $8.00 for cutters, $9.00 for sewers, and $10.00 for screen printers. What is the standard direct labor cost per warm-up suit

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Companies under market structures are independent