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O Required information The following information applies to the questions displayed below) Ranet, Harris &...

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Accounting

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O Required information The following information applies to the questions displayed below) Ranet, Harris & Chanis 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 expenses Contribution margin Traceable fixed expenses Office seguent margin Common fixed expenses not traceable to offices Net operating income Total Company $ 212,500 100.0% 384,250 54.0 327,750 46.0% 159.600 22.4% 168,150 23.6% 114,000 16.0% $ 54,150 Office Chicago Minneapolis $ 142,500 100% $570,000 100 42.250 Box 342.000 Cox 99.750 701 228,000 405 24.100 52% 15% $ 25,650 $ 142,500 25% 3. Assume that sales in Chicago increase by $47500 next year and that sales in Minneapolis remain unchanged. Assure no change in fixed costs a Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Segments Minneapolis Total Company Chicago Amount Amount Amount

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