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You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work
You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 270 hours per month and charge your customers $24 per hour. Your anticipated costs include: Advertising Gas Depreciation Assistant's Wages Miscellaneous Expenses $81.00 per month $1.50 per hour $25.00 per month $9.00 per hour $710.00 per month Calculate your budgeted Total Contribution Margin on the contribution margin income statement
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