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 lobs 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 70% Office Chicago Minneapolis 187,500 100% $ 750,000 100X 56,250 30% 450,000 6ex 131,250 388,888 97,500 52% 112,500 15% 33,758 33,750 18% 18% $ 187,5ee 25% Total Company $ 937,500 100.ex 506,250 54.0% 431,250 46.ex 210,000 22.4% 221,250 23.6% 150,000 16.ex $ 71,250 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 Minneapolis break-even points? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole dollar amount.) Break-even point in dollar sales Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $937,509 109.% 506,250 54.0% 431,250 46.ex 210,000 22.4% 221,250 23.6% 150,000 16.ex $ 71,250 7.6% Office Chicago Minneapolis 187,509 10x 750.890 1893 56,250 30% 450,000 68% 11.250 792 389.000 40 97,500 52%. 112,500 15X 33,750 18% $ 187,500 25x $ 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. Reg 1A Reg 1B Req 1C 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 Total Company $ 937,500 100.ex 586,250 54.ex 431,250 46.ex 210,800 22.4% 221,250 23.6% 150,880 16.0% $ 71,250 7.6% Office Chicago Minneapolis $ 187,500 1892 $ 750.000 100x 56,250 30% 450,000 6ex 131.250 70% 300.009 40% 97.500 52% 112,500 15% $ 33,750 18% $ 187,500 25% 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $93.750 per year? Assume no change in cost behavior patterns Net operating income increase two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting lobs 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 $937,500 100.ex 506,250 54.0% 431.250 46.0 210,000 22.4% 221,250 23.6% 150,00 16.ex $ 71,250 7.6% Office Chicago Minneapolis $ 187,509 169 5750,000 100 56,250 30% 450,000 31.250 207 389.883 97,500 52% 112.589 $ 33,750 18% $ 187,500 3. Assume that sales in Chicago increase by $62,500 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 .e. 0.1234 should be entered as 12.3).) Total Company Amount Chicago Amount Segments Minneapolis Amount %