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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

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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: Office Total Company Chicago Minneapolis Sales $ 498,000 1004 $ 174,000 1005 $ 324,000 100% Variable expenses 249,000 504 52,200 194,400 605 Contribution margin 249,000 50 121,800 70% 129,680 409 Traceable fixed expenses 139,440 284 98,488 524 51,840 16 Office segment margin 109,560 22% $ 31,320 185 $ 77,760 245 Common fixed expenses not traceable to offices 69,720 144 Net operating income $ 39,840 84 384 3. Assume that sales in Chicago increase by 558,000 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 (le. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Segments Minneapolis Total Company Amount Chicago Amount 90 Amount 96 0 0.0 0 0.0 O 0.0 0 0.05 0 005 0 00 $ 0 0.0

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