Question: Please assist with explaination. 2-29 Basic Review Exercises Fill in the blanks for each of the following independent cases (ignore income taxes): Sales Variable Expenses

Please assist with explaination.

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 $ 550,000 300,000 46,000 3. 500,000 520,000 200,000

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