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In October, Temptatlons Event Planners (TEP) planned events for two cllents. TEP worked 168 hours for Ward Corporatlon and 26g hours for Glrarcin incustries. TEP

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In October, Temptatlons Event Planners (TEP) planned events for two cllents. TEP worked 168 hours for Ward Corporatlon and 26g hours for Glrarcin incustries. TEP bilis clients at the rate of $490 per hour; labor cost for its planning staff is $280 per hour. The total number of hours worked In October was 436 , and overhead costs were $17,000. Overhead is applled to cllents at $32 per plannerhour. in adolton, TEP had $34,000 in marketing and adminlstrative costs. All transactions are on account. All serwlces were billed. Required: a. 5now labor and overheso cost flows through T-accounts. b. Prepare an income statement for the company for Octobec. Complete this question by entering your answers in the tabs below. Show labar and overhesd cost flows throuch T-accaunts

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