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You plan on starting a lawn mowing business by investing $ 7 0 0 of your own money and purchasing $ 5 0 0 of

You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 230 hours per month and charge your customers $16 per hour. Your anticipated costs include:
Advertising $23 per month
Gas $1.40 per hour
Depreciation $25 per month
Assistant's Wages $10.00 per hour
Miscellaneous Expenses $40 per month
Calculate your budgeted Total fixed cost on the monthly contribution margin income statement.

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