You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 240 hours per month and charge your customers $18 per hour. Your...

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Extracted text: You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 240 hours per month and charge your customers $18 per hour. Your anticipated costs include: Advertising $52.00 per month Gas $1.50 per hour $25.00 per month Depreciation Assistant's Wages $8.00 per hour Miscellaneous Expenses $330.00 per month Calculate your budgeted Total Contribution Margin on the contribution margin income statement.