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Check my work 7 Required information Part 3 of 3 Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5] [The following information
Check my work 7 Required information Part 3 of 3 Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis [LO6-4, LO6-5] [The following information applies to the questions displayed below.] 30 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: points Skipped Office MinneapolG $900,000 540,000 Total Com $1,125,000 100.09 607,500 517,500 ago 009 Sales 225,000 67,500 157,500 1008 Variable expenses Contribution margin Traceable fixed expenses 54.08 46.08 309 608 eBook 708 360,000 40% 22.48 258 s 225,000 40,500 188 Office segment margin 180.000 Common fixed expenses not traceable to offices Print 85,500 7.68 Net operating income References Exercise 6-16 Part 3 3. Assume that sales in Chicago increase by $75,000 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 (i.e. 0.1234 should be entered as 12.3).) Segments Total Company Chicago Minneapolis Amount Amount Amount 0.0 0,0 0 0.0 $ 0 0,0 0 0.0 0.0 0 0.0
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