Question 15

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 350 hours per month and charge your customers $21 per hour. Your anticipated costs include:

   Advertising	$46.00 per month
   Gas	$1.60 per hour
   Depreciation	$25.00 per month
   Assistant's Wages	$9.00 per hour
   Miscellaneous Expenses	$60.00 per month

   Calculate your monthly operating income on your budgeted contribution margin income statement