HMCU VITU MU [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 Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 975,000 100.0% 526 500 54.0% 448,500 46.0% 218,400 22.4% 230, 100 23.6% 156,000 16.e $ 74,100 7.6% Office Chicago Minneapolis $ 195, eee 100% $ 780,000 100% 58,500 30% 468,000 60% 136,500 7ex 312,000 40% 101,400 52% 117.000 15% $ 35, 100 16% $ 195,000 25% 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. office segment margin Common fixed expenses not traceable to offices Net operating income 230,100 156,000 $ 74,100 23.6% 16.0% 7.6% 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 points? ho Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 10 Compute the companywide break-even point in dollar sales. (Round "CM ratio to 2 decimal place nearest whole dollar amount.) Break-even point in dollar sales Office segment margin Common fixed expenses not traceable to offices Net operating income 23.6% $ 35,100 230,100 156,000 $ 74,100 16.0% 7.6% 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 points? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B N Regic Compute the break-even point for the Chicago office and for the Minneapolis office. (Round "CM ratio to 2 dedi final answers to the nearest whole dollar amount) Break Even Point Chicago office Minneapolis office Required information 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 Minne points? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Redc Is the companywide break-even point greater than, less than or equal to the sum of the Chicago and Minneapolis break points? Greater than Less than Equal to
