{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T23:01:56-04:00", "answer_date": "2024-05-28 23:01:56", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1862634", "url": "\/study-help\/questions\/middleton-associates-is-a-consulting-firm-that-specializes-in-information-1862634", "question_creation_date_js": "2024-05-28T23:01:56-04:00", "question_creation_date": "May 28, 2024 11:01 PM", "meta_title": "[Solved] Middleton Associates is a consulting firm | SolutionInn", "meta_description": "Answer of - Middleton Associates is a consulting firm that specializes in information systems for construction and landscaping com | SolutionInn", "meta_keywords": "middleton,associates,consulting,firm,specializes,information,systems,construction,landscaping,companies,two,offices-one", "question_title_h1": " Middleton Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two offices-one in Toronto and", "question_title": " Middleton Associates is a consulting firm that specializes in information systems", "question_title_for_js_snippet": "Middleton Associates is a consulting firm that specializes in information systems for construction and landscaping companies The firm has two offices one in Toronto and one in Vancouver The firm classifies the direct costs of consulting jobs as variable costs A segmented contribution format income statement for the company's most recent year is given below Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Operating income Total Company Toronto Office Vancouver $1,000,000 100 0 $300,000 100 $700,000 100 490,000 49 00 510,000 51 00 280,000 28 00 230,000 23 00 105,000 35 385,000 55 195,000 65 315,000 45 168,000 56 112,000 16 $ 27,000 9 $203,000 29 84,000 8 40 $ 146,000 14 60 Required 1 By how much would the company's operating income increase if Vancouver increased its sales by $80,000 per year Assume no change in cost behaviour patterns Increase in operating income 2 a Refer to the original data Assume that sales in Toronto increase by $120,000 next year and that sales in Vancouver remain unchanged Assume no change in fixed costs Prepare a new segmented income statement for the company (Round your percentage answers to 2 decimal places ) Segments Total Company Toronto Vancouver Amount Amount Amount ", "question_description": "\"image", "transcribed_text": "Middleton Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two offices-one in Toronto and one in Vancouver. The firm classifies the direct costs of consulting jobs as variable costs. A segmented contribution format income statement for the company's most recent year is given below: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Operating income Total Company Toronto Office Vancouver $1,000,000 100.0% $300,000 100% $700,000 100% 490,000 49.00 510,000 51.00 280,000 28.00 230,000 23.00 105,000 35 385,000 55 195,000 65 315,000 45 168,000 56 112,000 16 $ 27,000 9% $203,000 29% 84,000 8.40 $ 146,000 14.60% Required: 1. By how much would the company's operating income increase if Vancouver increased its sales by $80,000 per year? Assume no change in cost behaviour patterns. Increase in operating income 2-a. Refer to the original data. Assume that sales in Toronto increase by $120,000 next year and that sales in Vancouver remain unchanged. Assume no change in fixed costs. Prepare a new segmented income statement for the company. (Round your percentage answers to 2 decimal places.) Segments Total Company Toronto Vancouver Amount % Amount % Amount %", "related_book": { "title": "Financial Accounting", "isbn": "1133952410, 9781133952411, 978-1133952428", "edition": "12th Edition", "authors": "Warren, Reeve, Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/114.jpg", "uri": "\/textbooks\/financial-accounting-12th-edition-114", "see_more_uri": "" }, "free_related_book": { "isbn": "1858117143", "uri": "\/textbooks\/preparing-for-mediation-a-guide-for-consumers-1st-edition-978-1858117140-234796", "name": "Preparing For Mediation A Guide For Consumers", "edition": "1st Edition" }, "question_posted": "2024-05-28 23:01:56", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/consider-the-notrade-inputoutput-situation-presented-in-the-following-table", "description": "Consider the no-trade input\/output situation presented in the following table for countries X and Y. 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