Required information The following information applies to the questions displayed below) Raner, Harris & Chan...
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Required information The following information applies to the questions displayed below) Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given $ Sales Variable experies Contribution margin Traceable fixed expenses Ottice se prent margin Common fixed expenses not traceable to offices Net operating income Total Company $825.000 100.06 445.00 54.0 379.500 46.0 184,800 22. 194,700 23.0 132.000 16.0% $ 62.700 7.6% Chicago 165.000 1001 49.90030 115.500 70 85.000 535 29.200 1 98 Office Minneapolis - 660.000 100 3 96.000 60% 2 54.000 40% 9 9.000 186 $ 166,000 25% 3. Assume that sales in Chicago increase by $55,000 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (le. 0.1234 should be entered as 12.3).) Segments Total Company Chicago Minneapolis Amount Amount Amount
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