Problem 7-49 Job Costs: Service Company (LO 7-4) For the month of July, UP Payroll Services worked 2,300 hours for Dune Motors, 600 hours for Jake's Charters, and 1,150 hours for Mission Hospital. UP bills clients at $123 an hour, its labor costs are $40 an hour. A total of 4,600 hours were worked in July with 460 hours not bilable to clients. Overhead costs of $43,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 460 hours were not billable, some overhead was not assigned to jobs. UP had $30,100 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 Jake's Charters Mission Hospital Revenue Labor Overhead Margin $ 0 $ 0 $ b. Prepare an income statement for July. (Do not round intermediate calculations.) UP PAYROLL SERVICES Income Statement For the Month Ending July 31 Less cost of services to client: 0 Total cost of services to clients $ 0 Less other costs: 0 Total other costs $ 0