Required information SB Exercise 6-16 through Exercise 6-17 (Algo) [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 $ 495,000 100% 255,000 SOX 240,000 50% 132,000 28% 108,000 22% 70,500 145 5 37,500 8 Office Chicago Minneapolis $ 172,500 100% $ 322,500 1% 60, eee 30% 193,500 60% 112,500 70% 129,000 40% 81,000 52% 51,600 16% $ 31,500 18% $ 77,400 24% Complete this question by entering your answers in the tabs below. Show less A Reg 1A Reg 1B Reg 1C Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the nearest whole number.) Break-even point in dollar sales Req 18 > Complete this question by entering your answers in the tabs below. Show less Reg 1A Reg 1B Reg 10 Compute the break-even point for the Chicago office and for the Minneapolis office (Round "CM ratio' to 2 decimal places and final answer to the nearest whole number.) Break-even Point Chicago office Minneapolis office Show less Req 1A Reg 1B Req 1C D Is the companywide break-even point greater than, less than or equal to the sum of the Chicago and Minneapolis break-even points? es Greater than Less than Equal to