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D Required information [The following information applies to the questions displayed below] Raner, Harris and Chan is a consulting firm that specializes in information systems
D Required information [The following information applies to the questions displayed below] 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: Office Sales $477,000 Variable expenses 238,500 Total Company 100.00% 50.00% Chicago $ 159,000 47,700 Minneapolis 100.00% $318,000 30.00 100.00% 190,800 60.00% Contribution margin 238,500 50.00% 111,300 70.00% 127,200 40.00% Traceable fixed expenses 133,560 28.00% 82,680 office segment margin 104,940 22.00% $28,628 52.00 18.00% 50,880 16.00 $76,320 24.00% Common fixed expenses not traceable to offices 66,780 14.00% Net operating income $38,160 8.00% 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. Show lees & Complete this question by entering your answers in the tabs below. Req 1A Req 18 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 nearest whole number.) Break-even point in dollar sales Reg18 > Complete this question by entering your answers in the tabs below. Req 1A Req Req 1C Show less Compute the break-even point for the Chicago office and for the Minneapolis office. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole number) Chicago office Minneapolis office Break-even Point Complete this question by entering your answers in the tabs below. Req 1A Req 18 RIC Show less A 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 <10
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