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3 points eElo-ok Hint Print References Mc Graw Hill Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement Sales $ 1,000,000 Variable expenses 39 0 , 000 Contribution margin 61 0 , 000 Fixed expenses 625,000 Net operating income (loss) 5 (15:00\") In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly. the Accounting Department has developed the following information: Division East Central llest: Sales 5 250,000 $400,000 $350,000 Variable expenses as a percentage of sales 52% 30% 40% Traceable fixed expenses 5 160,000 $ 200,000 $ 175,000 Required: 'I. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $15,000 based on the belief that it would increase that division's sales by 20%. Assuming these estimates are accurate. how much would the company's net operating income increase [decrease] if the proposal is implemented? 2-b. Would you recommend the increased advertising? Erma 10M EEE mm > Complete this question by entering your answers in the tabs below. 3 Req 1 Req 2A Req 2B points Prepare a contribution format income statement segmented by divisions. eBook Division Hint Total Company East Central West Print References Traceable fixed expenses $ 160, 000 $ 200, 000 $ 175, 000 Required: 3 1. Prepare a contribution format income statement segmented by divisions. points 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $15,000 based on the belief that it would increase that division's sales by 20%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? eBook 2-b. Would you recommend the increased advertising? Hint Complete this question by entering your answers in the tabs below. Print References Reg 1 Req 2A Req 2B The Marketing Department has proposed increasing the West Division's monthly advertising by $15,000 based on the belief that it would increase that division's sales by 20%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? Net operating income will by 1 iEEEIEQiJEEQEixgnga;nm "' " _____ s 1611,93? sznmi' 5175,1163 Required: 3 '1. Prepare a contribution format income statement segmented by divisions. p mm 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $15,000 based on the belief that it would increase that division's sales by 20%. Assuming these estimates are accurate, how much would the company's net operating income increase [decrease] if the proposal is implemented? gawk 2-b. Would you recommend the increased advertising? Hint Complete this question In! entering your answers In the tails below. Print References Bee 1 Rue 2A Would you recommend the Increased advertising? OYes 0N0 Required information [The following information applies to the questions displayed below.] Part 1 of 3 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 4 statement for the company's most recent year is given: points Office Total Company Chicago Minneapolis eBook Sales $ 450, 000 100% $ 150, 000 100% $ 300,000 100% Variable expenses 225,000 50% 45, 000 30% 180 , 000 60% Print Contribution margin 225,000 50% 105,000 70% 120,000 40% Traceable fixed expenses 126, 000 28% 78, 000 528 48 , 000 16% References Office segment margin 99,000 228 27,000 18% $ 72,000 Common fixed expenses not traceable to offices 63,000 14% Net operating income $ 36, 000 ired: ompute the companywide break-even point in dollar sales. Compute the break-even point for the Chicago office and for the Minneapolis office. the companywide break-even point areater than. less than. or equal to the sum of the Chicago and Minneapolis2 Net operating income Jb, VVU Part 1 of 3 Required: 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even point for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis 4 break-even points? points eBook Complete this question by entering your answers in the tabs below. Print Show less A References Req 1A Req 1B Req 1C Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places.) Break-even point in dollar sales Required: Part 1 of 3 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even point for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis 4 break-even points? points eBook Complete this question by entering your answers in the tabs below. Print Show less A References Req 1A Req 1B Req 1C Compute the break-even point for the Chicago office and for the Minneapolis office. (Round "CM ratio" to 2 decimal places and final answers to the nearest whole dollar amount.) Break-even Point Chicago office Minneapolis office2 Required: Part 1 of 3 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even point for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis 4 break-even points? points eBook Complete this question by entering your answers in the tabs below. Print Show less A References Req 1A Req 1B Req 1C Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points? Greater than OLess than OEqual to Mcequired information Part 2 of 3 The following information applies to the questions displayed below.] aner, Harris & Chan is a consulting firm that specializes in information systems for medical and ental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies 4 points e direct costs of consulting jobs as variable costs. A contribution format segmented income tatement for the company's most recent year is given: office eBook Total Company Chicago Minneapolis Sales $ 450, 000 100% $ 150, 000 100% $ 300, 000 100% Print Variable expenses 225, 000 50% 45,000 30% 180 , 000 60% References Contribution margin 225, 000 50% 105,000 70% 120,000 40% Traceable fixed expenses 126, 000 28% 78,000 48, 000 16% Office segment margin 99, 000 228 $ 27,000 18% $ 72,000 24% Common fixed expenses not traceable to offices 63,000 14% Net operating income $ 36, 000 w much would the company's net operating income increase if Minneapolis increased its sales by $75,000 per ssume no change in cost behavior patterns.3 statement for the company's most recent year is given: Office Total Company Chicago Minneap Sales $ 450, 000 100% $ 150, 000 100% $ 300, 000 Part 2 of 3 Variable expenses 225, 000 50% 45,000 30% 180 , 000 Contribution margin 225, 000 50% 105,000 70% 120,000 Traceable fixed expenses 126 , 000 28% 78, 000 528 48, 000 office segment margin 99,000 228 $ 27,000 $ 72,000 4 Common fixed expenses not traceable to offices 63,000 14% points Net operating income S 36 , 000 eBook Print 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $75,000 per References year? Assume no change in cost behavior patterns. Net operating income increase4 Required information Part 3 of 3 [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 4 the direct costs of consulting jobs as variable costs. A contribution format segmented income points statement for the company's most recent year is given: Office eBook Total Company Chicago Minneapolis Sales $ 450, 000 100% $ 150, 000 100% $ 300,000 100% Print Variable expenses 225, 000 45,000 30% 180 , 000 60% References Contribution margin 225, 000 50% 105, 000 70% 120, 000 40% Traceable fixed expenses 126, 000 28% 78,000 528 48, 000 16% office segment margin 99 , 000 228 27,000 18% $ 72,000 24% Common fixed expenses not traceable to offices 63,000 14% Net operating income $ 36, 000 ume that sales in Chicago increase by $50,000 next year and that sales in Minneapolis remain unchanged. ne no change in fixed costs.1+ L J 3. Assume that sales in Chicago increase by $50,000 next year and that sales in Minneapolis remain unchanged. Assume no change in xed costs. Pan 3 era a. Prepare a new segmented income statement for the company. [Round your percentage answers to 1 decimal place {i.e. 0.1234 should be entered as 12.31.] 4 points eBook Prim References