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Check my work Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two
Check my work 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 Total Company 412,500 222,750 Chicago $ 82,500 24,750 Minneapolis 330,000 198,000 Sales 100.08 100% 100% 30 Variable expenses 54.0% 60% 46,0 Contribution marqin Traceable fixed expenses 189,750 57,750 70% 132,000 49,500 40% 52 92,400 22.4 42,900 15% s 14,850 office segment margin 18% S 82,500 25% 97,350 23.6% Common fixed expenses not traceable to offices 66,000 16.08 7.6% 31,350 Net operating income Exercise 7-16 Part 1 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 1B Req 1C 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 1C Req 1A Req 1B Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole dollar amount.) Break-even point in dollar sales Complete this question by entering your answers in the tabs below. Req 1A Req 1C Req 1B 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 Complete this questION Dy entering your answers Iin the tabs Delow. Req 1A Req 1C Req 1B 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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