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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

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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 Total Company Chicago Minneapolis Sales $ 450,000 100% $ 150,000 100 $ 300,000 1001 Variable expenses 225,000 501 45,000 301 180,000 601 Contribution margin 225,000 501 105,000 701 120,000 401 Traceable fixed expenses 126,000 280 78,000 520 48,000 161 office segment margin 99,000 221 $ 27,000 180 $ 72,000 240 Common fixed expenses not traceable to offices 63,000 145 Net operating income $36.000 84 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 less Reg 1A Reg 1B Reg 10 Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places.) Break-even point in dollar sales

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