Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the month of July, UP Payroll Services worked 2.250 hours for Dune Motors. 675 hours for Jake's Charters and 1125 hours for Mission Hospital

image text in transcribed

For the month of July, UP Payroll Services worked 2.250 hours for Dune Motors. 675 hours for Jake's Charters and 1125 hours for Mission Hospital UP bills clients at $119 an hout its labor costs are 5.43 an hout A total of 4500 hours were worked in July with 450 hours not billable to clients Overhead costs of $42.000 wete mutted and were o 10 des on the basis of direct laborhous Because 450 hours were not billable some Ovettead was noticed no Umar $29.700 marang and administratives All transactions were on account Required: a. What are the revenue and cost b. Prepare an income state Complete this question bytering your own UP I VICE For the month of July, UP Payroll Services worked 2.250 hours for Dune Motors. 675 hours for Jake's Charters and 1125 hours for Mission Hospital UP bills clients at $119 an hout its labor costs are 5.43 an hout A total of 4500 hours were worked in July with 450 hours not billable to clients Overhead costs of $42.000 wete mutted and were o 10 des on the basis of direct laborhous Because 450 hours were not billable some Ovettead was noticed no Umar $29.700 marang and administratives All transactions were on account Required: a. What are the revenue and cost b. Prepare an income state Complete this question bytering your own UP I VICE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions