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Total Company Amount Chicago Amount Segments Minneapolis Amount % % 0. 0000 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed

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Total Company Amount Chicago Amount Segments Minneapolis Amount % % 0. 0000 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to segments Net operating income 0.0 $ 0 0 0 $ 0 0.0 0.0 [The following information applies to the questions displayed below! Raner, Harris, & Chan is a consulting firm that specializes in information systes 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 below: Office $ 100 % $ 30 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company 862,500 100.0 % 465.750 540 % 396,750 46.0 % 193,200 22.4 % 203,550 23.6 % Chicago 172,500 51,750 120,750 89.700 31050 Minneapolis 690,000 100 % 414,000 60 % 276,000 40 % 103,500 172,500 25 % 70 % 52 % 18 $ $ 138,000 65,550 16.0 76 % % 3. Refer to the original data. Assume that sales in Chicago increase by $57,500 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented contribution format income statement for the company. (Do not round your intermediate percentage answers and round your final percentage answers to 1 decimal place (i.e. 1234 should be entered as 12.3). Total Company Amount Chicago Amount Segments Minneapolis Amount % % Sales 0.0 0 0. 0 0.0 Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to segments Net operating income 00 0.0 S 0 0.0

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