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! Required information [The following information applies to the questions displayed below.] Raner, Harris and Chan is a consulting firm specializing in information systems
! Required information [The following information applies to the questions displayed below.] Raner, Harris and Chan is a consulting firm specializing in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. It 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 below: Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Office Total Company Chicago Minneapolis $ 535,500 267,750 100.00% 50.00% $ 178,500 53,550 100.00% 30.00% $ 357,000 100.00% 214,200 60.00% 267,750 50.00% 124,950 70.00% 142,800 40.00% 149,940 28.00% 92,820 52.00% 57,120 16.00% 117,810 22.00% $ 32,130 18.00% $ 85,680 24.00% 74,970 $ 42,840 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. Req 1A Req 1B Req 1C Show less
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