13 Required information [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 the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: office Sales Total Company $480,000 Chicago Minneapolis Variable expenses 100% 238,500 50% bok Contribution margin 241,500 50% 115,500 Traceable fixed expenses 136,200 201 office segnent margin 105,300 229 85,000 $29,700 $165,000 100% 49,500 30 70% 52 $315,000 100% 189,000 60% 126,000 40% 50,400 169 10% $ 75,600 249 in Connon fixed expenses not traceable to offices Net operating income 67,200 $38,100 14% ences 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 break-even points? Complete this question by entering your answers in the tabs below. Req 1A Req 181 Req 1C Show less & Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the 29 Prev 1 2 3 of 4 MacBook Pro Next >