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For the month of July, UP Payroll Services worked 2,050 hours for Dune Motors, 615 hours for Jake’s Charters, and 1,025...

For the month of July, UP Payroll Services worked 2,050 hours for Dune Motors, 615 hours for Jake’s Charters, and 1,025 hours for Mission Hospital. UP bills clients at $116 an hour; its labor costs are $43 an hour. A total of 4,100 hours were worked in July with 410 hours not billable to clients. Overhead costs of $40,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 410 hours were not billable, some overhead was not assigned to jobs. UP had $30,700 in marketing and administrative costs. All transactions were on account.

Required:

a. What are the revenues and the cost per client? (Do not round intermediate calculations.)

b. Prepare an income statement for July. (Do not round intermediate calculations.)

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Answer #1

Arswes TDtal JC MH Dm oso haas6s haas02how(3690h Revenue A 38 13y0 at $G perha 89002&0y0 Labor (a 26445 407515860 at 43 per h(by particuars Revene C6y 3690 ha) Ammart Amount 44280y0 Lers Labor $158670 332(D Ovo head 191880 236/60 Gross margin Les oth

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