1 Problem 7-56 (Static) Job Costs: Service Company (LO 7.4) eBook For the month of July, UP Payroll Services worked 3,000 hours for Dune Motors, 900 hours for Jake's Charters, and 1,500 hours for Mission Hospital. UP bills clients at $128 an hour, its labor costs are $48 an hour. A total of 6,000 hours were worked in July with 600 hours not billable to clients. Overhead costs of $72,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 600 hours were not billable, some overhead was not assigned to jobs. UP had $48,000 in marketing and administrative costs. All transactions were on account Required: a. What are the revenue and cost per client? b. Prepare an income statement for July AX Print References Complete this question by entering your answers in the tabs below. Mission Hospital Requled A Required B What are the revenue and cost per client? Dune Motors Jake's Charters Revenue Labor Overhead Margin Required > apter 7 LO 4 Problem 56 1 a. What are the revenue and cost per client? b. Prepare an income statement for July. Complete this question by entering your answers in the tabs below. ints Required A Required B eBook Ask Prepare an income statement for July. Print UP PAYROLL SERVICES Income Statement For the Month Ending July 31 References Less cost of services to clients: Total cost of services to clients Less other costs: Total other costs Mc Graw It Prey 1 of 1 Next