For the month of July, UP Payroll Services worked 2,150 hours for Dune Motors, 645 hours for Jakes Charters, and 1,075 hours for Mission Hospital. UP bills clients at $122 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 $37,000 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 $29,100 in marketing and administrative costs. All transactions were on account.

Required:

a. What are the revenues and the cost per client? (Do not round intermediate calculations.)

dune motors jakes charters mission hospital

revenue

labor

overhead

margin

b. Prepare an income statement for July. (Do not round intermediate calculations.)