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[ The following information applies to the questions displayed below. ] Raner, Harris and Chan is a consulting firm specializing in information systems for medical
The following information applies to the questions displayed below. Raner, Harris and Chan is a consulting firm specializing in information systems for medical and dental clinics. The firm has two offices one in Chicago and one in Minneapolis. It 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 below: Total Company Office Chicago Minneapolis Sales $ $ Variable expenses Contribution margin Traceable fixed expenses Office segmont margin $ $ Common fixed expenses not traceablo to officos Not operating income S Assume sales in Chicago increaso by $ next year and sales in Minneapolis and all fixed costs remain unchangod. a Prepare a new segmented income statement for tho company. Noto: Round your intermediate calculations and percentage answors to decimal place e should be ontered as and other answers to the nearest whole dollar.
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