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Calculate your monthly operating income

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Question -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 $46.00 per month

Gas $1.60 per hour

Depreciation $25.00 per month

Assistant's Wages $9.00 per hour

Miscellaneous Expenses $60.00 per month

Required - Calculate your monthly operating income on your budgeted monthly contribution margin income statement.

Reference no: EM133159250

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