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Why do I have some of the Transaction description wrong? help In those ereas_ GPS bllls for Its varlous servlces based on the hours Its
Why do I have some of the Transaction description wrong?
help In those ereas_ GPS bllls for Its varlous servlces based on the hours Its professlonols spend In January, QPS professlonols bllled 1.925 hours to cllents and worked total of 2.020 hours (The dlfference Incluees tlme for tralnlng, preparlng blds. end so on, whlch are constered admlnlstratlve costs.) GPS bllls cllents the rate of S365 per hour: labor cost for Its professlonals averaged Slg5 per hour In January Overhead costs In January totaled SIIg.150_ Overhead Is applled to cllents $60 per labor-hour In oddltlon, QPS had $155,500 In merketlng end admlnlstrotlve costs (not Includlng the professlonal labor Ilme as descrlbedl All transectlons are cri account All servlces were bllled_ c ript Record labor Record applied s billed Requlred: e. Show labor end overhead cost flows through T-occounts. b. Prepare an Income statement for the compony for January. i c plete entily e" the tabs b I question Complete this Required A labor a Cinring Ending Seeinring Closing Ending Debit Seginning Closing Ending entering your t through T Wages Payable 375.375 o st of 4go.875 115.500 Billed C red t 115,500 e Eroding seginning Eroding 4go,875e (c) C mtrol Closing
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