! Required information (The following information applies to the questions displayed below.) 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: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 526,500 100.008 263, 250 50.00% 263, 250 50.00% 147, 420 28.00% 115,830 22.00% Office Chicago Minneapolis $ 175,500 100.00% $ 351,000 100.00% 52,650 30.00% 210,600 60.00% 122,850 70.00% 140,400 40.00% 91,260 52.00% 56,160 16.00% $ 31,590 18.00% $ 84,240 24.00% 73, 710 $ 42,120 14.00% 8.00% 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 A Reg 1A Req 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 number.) Break-even point in dollar sales Reg 1A Req 1B > ! Required information (The following information applies to the questions displayed below.) 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: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 526,500 100.00% 263, 250 50.00% 263, 250 50.00% 147, 420 28.00% 115,830 22.00% Office Chicago Minneapolis $ 175,500 100.00% $ 351,000 100.00% 52,650 30.00% 210,600 60.008 122,850 70.00% 140,400 40.008 91,260 52.00% 56,160 16.00% $ 31,590 18.00% $ 84,240 24.00% 73, 710 $ 42,120 14.008 8.008 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 A Req 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 answer to the nearest whole number.) Break-even Point Chicago office Minneapolis office ! Required information (The following information applies to the questions displayed below.) 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: Sales 100.00% Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 526,500 100.00% 263, 250 50.00% 263, 250 50.00% 147, 420 28.00% 115,830 22.00% Office Chicago Minneapolis $ 175,500 100.00% $ 351,000 52,650 30.00% 210,600 60.00% 122,850 70.00% 140,400 40.00% 91,260 52.00% 56,160 16.00% $ 31,590 18.00% $ 84,240 24.00% 73,710 $ 42, 120 14.000 8.00% 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 A Req 1A Reg 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 Equal to
