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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 210

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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 210 hours per month and charge your customers $23 per hour. Your anticipated costs include: Advertising $47.00 per month Gas $1.50 per hour Depreciation $25.00 per month Assistant's Wages $10.00 Miscellaneous Expenses $940.00 per month Calculate your budgeted Total Contribution Margin on the contribution margin income statement I per hour QUESTION 15 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 $37.00 per month Gas $1.20 per hour Depreciation $25.00 per month Assistant's Wages $10.00 per hour Miscellaneous Expenses $20.00 per month Calculate your monthly operating income on your budgeted contribution margin income statement

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