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Question 14 You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to

Question 14

  1. You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 310 hours per month and charge your customers $19 per hour. Your anticipated costs include:

    Advertising $71.00 per month
    Gas $1.60 per hour
    Depreciation $25.00 per month
    Assistant's Wages $9.00 per hour
    Miscellaneous Expenses $100.00 per month

    Calculate your budgeted Total Contribution Margin on the monthy contribution margin income statement.

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