FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of equipment. You plan to work 260 hours per month
and charge your customers $23 per hour. Your anticipated costs include:
$25.00 per month
$26.00 per month
$1.40 per hour
Assistant's Wages
$9.00 per hour
Miscellaneous Expenses
$40.00 per month
Calculate your Variable cost per hour on the budgeted contribution margin income statement.
Depreciation
Advertising
Gas
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