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For the month of July, UP Payroll Services worked 2,300 hours for Dune Motors, 690 hours...

For the month of July, UP Payroll Services worked 2,300 hours for Dune Motors, 690 hours for Jake’s Charters, and 1,150 hours for Mission Hospital. UP bills clients at $119 an hour; its labor costs are $45 an hour. A total of 4,600 hours were worked in July with 460 hours not billable to clients. Overhead costs of $31,000 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 $30,900 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.)

b. Prepare an income statement for July. (Do not round intermediate calculations.)

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