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Required information

SB Exercise $7-16$ through Exercise $7-17($Static$)$

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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:

$\backslash$table$[[$Sales$,$Total Company,Office$],[$Chicago$,$Minneapolis$],[$$$450,000,100\%,$$$,150,000,100\%,$$$,300,000,1008],[$Variable expenses,$225,000,50\%,,45,000,30\%,,180,000,608],[$Contribution margin,$225,000,50\%,,105,000,70\%,,120,000,408],[$Traceable fixed expenses,$126,000,288,,78,000,52\%,,48,000,16\%$