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Please help.. these are all together. Required information The following information applies to the questions displayed below.) Raner, Harris & Chan is a consulting firm
Please help.. these are all together.
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: 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 $975,000 100.0% $195,000 100# $ 780,000 100% 526,500 54.0% 58,500 08 468,000 608 448,500 46.08 136,500 312,000 408 218,400 22.4% 101,400 117,000 158 230,100 23.64 $ 35, 100 188 $195,000 258 156,000 $ 74,100 16.03 7.68 Required: 1-a. Compute the companywide break-even point in dollar sales. 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 Req 10 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 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: 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 $975,000 100.03 $195,000 1003 $780,000 100% 526,500 54.0% 58,500 308 468,000 60% 448,500 46.08 136,500 708 312,000 40 218,400 22.4% 101,400 52% 117,000 15% 230,100 23.63 $ 35, 100 18% $195,000 25 156,000 $ 74,100 16.00 7.66 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 10 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 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: 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 $975,000 100.0% $195,000 1008 $780,000 100% 526,500 54.0% 58,500 30% 468,000 60% 448,500 46.08 136,500 708 312,000 400 218,400 22.43 101,400 52% 117,000 230,100 23.67 $ 35, 100 187 $195,000 156,000 $ 74,100 16.03 7.63 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 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 lo Equal to Reg 1B Regic 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 Office Total Company Chicago Minneapolis $975,000 100.0% $195,000 100% $ 780,000 100% 526,500 54.0% 58,500 303 468,000 60% 448,500 46.08 136,500 70% 312,000 408 218,400 22.48 101,400 52 117,000 153 230, 100 23.68 $ 35, 100 188 $195,000 258 156,000 $ 74,100 16.08 7.68 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $97,500 per year? Assume no change in cost behavior patterns. Net operating income increase 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: Chicago $195,000 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 46.00 218,400 22.4% 230, 100 23.68 Office Minneapolis $780,000 100% 468,000 312,000 117,000 $195,000 25% 136,500 101,400 $ 35, 100 188 156,000 $ 74,100 16.0% 7.6% 3. Assume that sales in Chicago increase by $65,000 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Total Company Amount % Segments Chicago Minneapolis Amount % Amount % SO 0.0 mo 10.0 N OU 0.0 0 0.0 0.0 S OL 0.0
Please help.. these are all together.
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