Question: 8 ( ! ) Required information [ The following information applies to the questions displayed below. ] Part 3 of 4 Raner, Harris and Chan
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The following information applies to the questions displayed below.
Part of
Raner, Harris and Chan is a consulting firm specializing in information systems for medical and dental clinics. The firm has two officesone 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:
points
Skipped
tableTotal Company,$ $ Sales$ Variable expenses,Contribution margin,Traceable fixed expenses,$ Office segment margin,Common fixed expenses not trace,Net operating income,$
Assume sales in Chicago increase by $ next year and sales in Minneapolis and all fixed costs remain unchanged.
a Prepare a new segmented income statement for the company.
Note: Round your intermediate calculations and percentage answers to decimal place ie should be entered as and other answers to the nearest whole dollar.
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