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 expenses Contribution, margin Traceable Eixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 526,500 100.00% 263, 250 50.008 263, 250 50.000 147.420 28.000 115,830 22.00 73, 710 14.000 $ 42,120 8.00 office Chicago Minneapolis $ 175,500 100.000 $ 351,000 100.00% 52,650 30.000 210,600 60.00 122,850 70.000 140,400 40.000 91,260 52.000 56,160 16.008 $ 31,590 18.00$ 84.240 24.008 3. Assume that sales in Chicago increase by $58,500 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 intermediate calculations and percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.))
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