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Requirea information (The following information applies to the questions displayed below.) Raner, Harris and Chan is a consulting firm that specializes in information systems
Requirea information (The following information applies to the questions displayed below.) Raner, Harris and 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: office Sales Total Company $504,000 Chicago Minneapolis Variable expenses 252,000 100.00% 50.00% $ 168,000 50,400 100.00% $ 336,000 100.00% 30.00% 201,600 60.00% Contribution margin 252,000 50.00% 117,600 70.00% 134,400 40.00% Traceable fixed expenses 141,120 28.00% 87,360 52.00% 53,760 16.00% office segment margin 110,880 22.00% $ 30,240 18.00% $ 80,640 24.001 Common fixed expenses not traceable to offices 70,560 Net operating income $ 40,320 14.00% 8.00% 3. Assume that sales in Chicago Increase by $56,000 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 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.)) Segments Total Company Chicago Minneapolis Amount % Amount % Amount %
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