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QUESTION 14 You plan on starting a lawn mowing business by investing $700 of your...

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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

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