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Problem - 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 statement for the company's most recent year is given:
Total Company
Office
Chicago
Minneapolis
Sales
$975,000
100.0%
$195,000
100%
$780,000
Variable expenses
526,500
54.0%
58,500
30%
468,000
60%
Contribution margin
448,500
46.0%
136,500
70%
312,000
40%
Traceable fixed expenses
218,400
22.4%
101,400
52%
117,000
15%
Office segment margin
230,100
23.6%
$35,100
18%
25%
Common fixed expenses not traceable to offices
156,000
16.0%
Net operating income
$74,100
7.6%
Required - By how much would the company's net operating income increase if Minneapolis increased its sales by $97,500 per year? Assume no change in cost behavior patterns.
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