What are the revenue and cost per client

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For the month of July, UP Payroll Services worked 1,700 hours for Dune Motors, 510 hours for Jake's Charters, and 850 hours for Mission Hospital. UP bills clients at $121 an hour; its labor costs are $48 an hour. A total of 3,400 hours were worked in July with 340 hours not billable to clients. Overhead costs of $34,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 340 hours were not billable, some overhead was not assigned to jobs. UP had $30,200 in marketing and administrative costs. All transactions were on account.

Required:

Problem a. What are the revenue and cost per client?

Problem b. Make an income statement for July.

Reference no: EM132680594

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