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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

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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 260 hours per month and charge your customers $19 per hour. Your anticipated costs include: Advertising Gas Depreciation Assistant's Wages Miscellaneous Expenses $47.00 per month $1.20 per hour $25.00 per month $10.00 per hour $300.00 per month Calculate your budgeted Total Contribution Margin on the contribution margin income statement.

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