Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two ofices 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 Chica 10.000 31. Vartable expenses Contribution margin Traceable et expenses office sent marin Common fixed expenses not traceable to offices Net operating income Total Company $525.000 1000 202.00 940 241,500 ON 11 000 22 2900 2. 100 39.900 7.6% OFFIC no 100 $ 420,00 100% 34 252 000 sex 2011 168,000 40 52% 63,000 IS 18 $ 105,000 25% 54,600 13,00 Exercise 7-16 Part 1 Required: 1a Compute the companywide break even point in dollar sales 1. Compute the break even point for the Chicago office and for the Minneapolis office 1c 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. FIA Req1C Compute the company wide break even point in dollar sale. (Round "CM ration to 2 decimal places and final answer to the nearest whole dollar amount) 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 $ 525,000 100.0% 283.560 54. 241,500 46.0 112,600 22.4% 123,900 23.6% 34,000 16.08 $ 39,900 7.6% office Chicago Minneapolis $ 105,000 100% $ 420,000 100% 31,500 303 252,000 be 73,500 70% 168,000 40 54.600 52% 69,000 15% $ 18,900 18% $ 105,000 25% Exercise 7-16 Part 1 Required: 1-a. Compute the companywide break-even point in dollar sales. 1-5. 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 IA Reg 1B Reg 10 4 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
