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The lonowing imoration applies to the questions displayed verows Raner, Harris and Chan is a consulting firm that specializes in information systems for medical and

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The lonowing imoration applies to the questions displayed verows 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 $ 504, 006 100% $ 168, 090 100% $ 336, 090 100% Sales 50% 50, 400 201, 600 Variable expenses 252, 090 30% 60% Contribution margin 252, 000 50% 117, 600 70% 134, 400 40% Traceable fixed expenses 141, 120 28% 87, 360 5 2% 53, 760 16% 24% Office segment margin 110, 880 22% $ 30, 240 18% $ 80, 640 Common fixed expenses not traceable to offices 70, 560 14% Net operating income $ 40, 320 8% Exercise 7-16 Part 3 (Algo) Working with a Segmented Income Statement; Break-Even Analysis [LO7-4, LO7-5] 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 % 0.0 0.0 0 0.0 0 0.0 $ 0 0.0 5 0 0.0 $ 0 00

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