{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T14:18:11-04:00", "answer_date": "2024-05-29 14:18:11", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1890018", "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1890018", "question_creation_date_js": "2024-05-29T14:18:11-04:00", "question_creation_date": "May 29, 2024 02:18 PM", "meta_title": "[Solved] Required information [The following infor | SolutionInn", "meta_description": "Answer of - Required information [The following information applies to the questions displayed below.] Raner, Harris and Chan is a | SolutionInn", "meta_keywords": "required,information,applies,questions,displayed,below,raner,harris,chan,consulting,firm,specializes", "question_title_h1": " Required information [The following information applies to the questions displayed below.] Raner, Harris and Chan is a consulting firm that specializes in information systems", "question_title": " Required information [The following information applies to the questions displayed below.]", "question_title_for_js_snippet": "Required 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 Total Company Chicago Minneapolis Sales $ 463,500 Variable expenses 231,750 100 00 50 00 Contribution margin 231,750 50 00 Traceable fixed expenses 129,780 28 00 $ 154,500 46,350 108,150 80,340 100 00 30 00 $ 309,000 185,400 100 00 60 00 70 00 123,600 40 00 52 00 49,440 16 00 Office segment margin 101,970 22 00 $ 27,810 18 00 $ 74,160 24 00 Common fixed expenses not traceable to offices Net operating income 64,890 $ 37,080 14 00 8 00 Assume that Minneapolis' sales by major market are Market Minneapolis Medical Dental Sales Variable expenses $ 309,000 185,400 100 00 60 00 $ 206,000 100 00 $ 103,000 100 00 131,840 64 00 53,560 52 00 Contribution margin 123,600 40 00 74,160 36 00 49,440 48 00 Traceable fixed expenses 33,990 11 00 12,360 Market segment margin 89,610 29 00 $ 61,800 6 00 30 00 21,630 21 00 $ 27,810 27 00 Common fixed expenses not traceable to markets Office segment margin 15,450 $ 74,160 5 00 24 00 The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month The campaign would cost $5,150 Marketing studies indicate that such a campaign would increase sales in the Medical market by $41,200", "question_description": "\"image\"image", "transcribed_text": "Required 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 Total Company Chicago Minneapolis Sales $ 463,500 Variable expenses 231,750 100.00% 50.00% Contribution margin 231,750 50.00% Traceable fixed expenses 129,780 28.00% $ 154,500 46,350 108,150 80,340 100.00% 30.00% $ 309,000 185,400 100.00% 60.00% 70.00% 123,600 40.00% 52.00% 49,440 16.00% Office segment margin 101,970 22.00% $ 27,810 18.00% $ 74,160 24.00% Common fixed expenses not traceable to offices Net operating income. 64,890 $ 37,080 14.00% 8.00% Assume that Minneapolis' sales by major market are: Market Minneapolis Medical Dental Sales Variable expenses $ 309,000 185,400 100.00% 60.00% $ 206,000 100.00% $ 103,000 100.00% 131,840 64.00% 53,560 52.00% Contribution margin 123,600 40.00% 74,160 36.00% 49,440 48.00% Traceable fixed expenses 33,990 11.00% 12,360 Market segment margin 89,610 29.00% $ 61,800 6.00% 30.00% 21,630 21.00% $ 27,810 27.00% Common fixed expenses not traceable to markets Office segment margin 15,450 $ 74,160 5.00% 24.00% The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. The campaign would cost $5,150. Marketing studies indicate that such a campaign would increase sales in the Medical market by $41,200", "related_book": { "title": "Intermediate Accounting", "isbn": "9780470587232, 470587288, 470587237, 978-0470587287", "edition": "14th Edition", "authors": "kieso, weygandt and warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/51.jpg", "uri": "\/textbooks\/intermediate-accounting-14th-edition-51", "see_more_uri": "" }, "free_related_book": { "isbn": "1583335129", "uri": "\/textbooks\/the-best-care-possible-a-physicians-quest-to-transform-care-through-the-end-of-life-1st-edition-978-1583335123-262180", "name": "The Best Care Possible A Physicians Quest To Transform Care Through The End Of Life", "edition": "1st Edition" }, "question_posted": "2024-05-29 14:18:11", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/freight-and-other-handling-charges-on-goods-out-on-consignment-656105", "description": "Freight and other handling charges on goods out on consignment are part of the cost of goods consigned. 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