2-29 Basic Review Exercises Fill in the blanks for each of the following independent cases (ignore income taxes): Sales Variable Expenses Contribution Margin Fixed Expenses Net Income 1. $960,000 $533,000 $310,000 2. 550,000 300,000 46,000 3. 500,000 520,000 200,000 3-35 Account Analysis Heavenly Computers is a company started by two engineering students to assemble and market personal computers to faculty and students. The company operates out of the garage of one of the students' homes. From the following costs of a recent month, compute the total cost function and total cost for the month: 60, fixed 250, fixed: 30% attributable to the garage, 70 % to the house Telephone Utilities 85, fixed Advertising 110, fixed Insurance 5,500, variable, for five computers Materials 2,150: $1,400 fixed plus $750 for hourly help for assembling five computers Labor