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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 $1,125,000 100.0 $ 225,000 1809 $ 900,00 188 Variable expenses 607,500 54.0 67,500 3e 540,000 68 Contribution margin 517,500 46.9% 157,500 789 360, 800 405 Traceable fixed expenses 252,00 22.44 117,000 52% 135,000 15% Office segment margin 265,500 23.6 $ 40,500 189 $ 225,000 254 Common fixed expenses not traceable to offices 180,000 16.09 Net operating income $ 85,500 7.6% 3. Assume that sales in Chicago increase by $75,000 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 percentage answers to 1 decimal place (l.e. 0.1234 should be entered as 12.3).) Chicago Total Company Amount % Segments Minneapolis Amount % Amount % 0 0.0 0.0 0 0.0

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