need both QUESTION 13 You plan on starting a lawn mowing...

80.2K

Verified Solution

Question

Accounting

need both
image
QUESTION 13 You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 290 hours per month and charge your customers $20 per hour. Your anticipated costs include: Advertising $20.00 per month Gas 31.20 per hour Depreciation $25.00 per month Assistant's Wages $10.00 per hour Miscellaneous Experses $990.00 per month Calculate your budgeted Total Contribution Margin on the contribution margin income statement. QUESTION 14 You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 250 hours per month and charge your customers $17 per hour. Your anticipated costs include: Advertising $25.00 per month Gas $1.40 per hour Depreciation $25.00 per month Assistant's Wages $9.00 per hour Miscellaneous Expenses $470.00 per month Calculate your budgeted contribution margin per hour on the contribution margin income statement

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students