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only missing variable expenses Required information [The following information applies to the questions displayed below) Raner. Harris & Chan is a consulting firm that specializes
only missing variable expenses
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 segment margin Common fixed expenses not traceable to offices Net operating income Total Company 5489,000 100% 251,000 50% 230,000 sox 131,200 28% 106,880 22% 69,500 14% $ 37.380 8% Office Chicago Minneapolis $ 169,500 100% $ 319,500 1% 58,000 30% 191,700 60% 111,500 70% 127,800 40% 30,600 52% 51,120 16% $30,900 18% $ 76,689 24% 3. Assume that sales in Chicago increase by $56,500 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 li... 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar. Total Company Amount 545 500 Sales Variable expenses Contribution margin aceable Bed expenses Office segment on Common red expenses no traceable to see het operating income Segments Chicago Minneapolis Amount % Amount % 1000 S 226,000100075 319,500 100.0 191,700 600 1000 226,000 1000 127 800 400 241 00 500 357 51.120 160 759 $ 145.400 643 $ 76.680 240 127 632 545 500 131,720 113780 69 5001 344200 5 Step by Step Solution
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