Exercise 7-41 (Algo) Job Costing In a Service Organization (LO 7-4) addtion, ACUP has $255.000 in marteting ond ndminiatrative costs. AI tranactions are on account. Al services were beced Required: a. Show latior and gverhesd cost foem theough F.occounts. b. Prepare an income itatement for the compayy for Augut Camblete this yuestion by antering your answers in the tads below. Exercise 7-41 (Algo) Job Costing In a Service Organization (LO 7-4) For August, Royat Cansulting and Mediation Practice (RCMP) worked 800 hours for Abeta Company and 2,000 hours for Ontario Corporation. RCMP bils clents at the rate of $430 per hour labor cost for its consuiting statf is $230 per hour, The total number of hours worked in August was 2,800, and overhoad costs were $63,000. Overhead is applied to dients at $30 per labor-hour, int adeition, RCMO had $255.000 in marketing and administretive costs. All transactions are on account All services were bilied. Transoction Description (b) Record Labor cost (b) Recond Applied Service Gverhesd (c) Aecord Cost of services bitled (d) Record Actual Service overhesd Required: a. Show iabor and overhead cost flows through Taccounts. b. Prepare an income statement for the company for August Complete this question by entering your answers in the tabs below. Prepere an income stakement for the company for August