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! Required information [The following information applies to the questions displayed below.] Raner, Harris and Chan is a consulting firm that specializes in information
! 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: Office Total Company Chicago Minneapolis Sales $ 477,000 100.00% $ 159,000 100.00% $ 318,000 100.00% Variable expenses 238,500 50.00% 47,700 30.00% 190,800 60.00% Contribution margin 238,500 50.00% 111,300 70.00% 127,200 40.00% Traceable fixed expenses 133,560 28.00% 82,680 52.00% 50,880 16.00% office segment margin 104,940 22.00% $ 28,620 18.00% $ 76,320 24.00% Common fixed expenses not traceable to offices 66,780 14.00% Net operating income $ 38,160 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 Compute the companywide break-even point in dollar sales. (Round your final answer to the nearest whole number.) Break-even point in dollar sales Req 1A Req 1B Req 1C Compute the break-even point for the Chicago office and for the Minneapolis office. (Round your final answer to the nearest whole number.) Chicago office Minneapolis office Break-even Point Req 1A Req 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
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