For the month of July, UP Payroll Services worked 1,700 hours for Dune Motors, 510 hours for Jake's Charters, and 850 hours for Mission Hospital. UP bills clients at $121 an hour; its labor costs are $48 an hour. A total of 3,400 hours were worked in July with 340 hours not billable to clients. Overhead costs of $34,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 340 hours were not billable, some overhead was not assigned to jobs. UP had $30,200 in marketing and administrative costs. All transactions were on account.

Required:

a.What are the revenue and cost per client?

Dune Motors Jake's Charters Mission Hospital

Revenue

Labor

Overhead

Margin

b.Make an income statement for July.