Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Check my work 4 For the month of July, UP Payroll Services worked 2,150 hours for Dune Motors, 645 hours for Jake's Charters, and 1,075
Check my work 4 For the month of July, UP Payroll Services worked 2,150 hours for Dune Motors, 645 hours for Jake's Charters, and 1,075 hours for Mission Hospital. UP bills clients at $116 an hour, its labor costs are $48 an hour. A total of 4,300 hours were worked in July with 430 hours not billable to clients. Overhead costs of $42,500 were incurred and were assigned to clients on the basis of direct labor-hours. Because 430 hours were not billable, some overhead was not assigned to jobs, UP had $30,000 in marketing and administrative costs. All transactions were on account, points Skipped Required: a. What are the revenue and cost per client? b. Prepare an income statement for July book Complete this question by entering your answers in the tabs below. Required A Required B What are the revenue and the cost per client? (Do not round intermediate calculations.) Dune Motor Jako's Charters Mission Hospital Revenue Labor Overhead Margin $ 0 $ 05 Required 3 >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started