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30 points Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (LO6-4, LO6-5] (The following information applies to the questions displayed below.]
30 points Required information Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (LO6-4, LO6-5] (The following information applies to the questions displayed below.] eBook 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: References Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Office Total Company Chicago Minneapolis $ 562,500 100.0% $ 112,500 100% $ 450,000 100% 303,750 54.8% 33,750 30% 270,000 609 258,750 46.0% 78,750 784 180.000 404 126,000 22.4% 58,508 52% 67,500 154 132,750 23.6% $ 20,250 18%. $ 112,500 254 90,000 16.0% $ 42,750 7.6% Exercise 6-16 Part 1 eBook References 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. Reg 1A Reg 1B Reg 1c Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answers to the nearest whole dollar amount.) Break-even point in dollar sales KROG 1A Reg 1B > Req 1A Req 1E 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 office Reg 1A Reg 10 > 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 Less than Equal to
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