Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting in an Economic Context

Authors: Jamie Pratt

8th Edition

9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292

More Books

Students also viewed these Accounting questions

Question

=+ (b) Find an example where u is not countably subadditive.

Answered: 1 week ago