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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 380

You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 380 hours per month and charge your customers $20 per hour. Your anticipated costs include: Advertising $38 per month Gas $1.20 per hour Depreciation $25 per month Assistant's Wages $7.00 per hour Miscellaneous Expenses $20 per month Calculate your budgeted Total fixed cost on the monthly contribution margin income statement.

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