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help needed Required information (The following information applies to the questions displayed below] Raner, Harris & Chan is a consulting firm that specializes in information
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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 fixed expenses Office spent margin Cornon fixed expenses not traceable to offices Het operating income Total Company 462,888 100% 233,000 sex 229,800 Sex 127,600 28 101,480 226 65,000 14 $36,400 8X Office Chicago Minneapolis $ 156,000 100% 5385,000 13 49,000 30% 183,600 60% 107,000 70 122,400 40% 78,800 52% 48,960 163 28,200 18% $ 73,440 245 3. Assume thot sales in Chicago increase by $52,000 next year and that sales in Minneapolis semain unchanged. Assume no change in fixed costs Prepare a new segmented income statement for the company (Round your intermediate calculations and percentage answers to 1 decimal place (n. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.) Answer is not complete. Segments Minneapolis Total Company Chicago Amount Amount S 514,000 1000 208,000 1000 60.00 40.0 Sales Variable penes Contribution margin Traceable and expenses Office segment margin Common fred expenses not traceable to segments Not operating income OOOOOO Amount 1000 S 306,000 183.600 1000 122.400 48.960 100.0 $ 73.440 514,000 927700 386,240 65.000 S321240 1000 249 753 126 625 209,000 78,300 $ 129,200 40.0 $ Step by Step Solution
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