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! Required information [The following information applies to the questions displayed below) Raner, Harris & Chan is a consulting firm that specializes in information systems
! 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 $1,125,000 100.0% 607,500 54.04 517,500 46.09 252,800 22.44 265,500 23.6% 180,000 16.04 $ 85,500 7.6 Office Chicago Minneapolis $ 225,000 100% $ 900,000 100% 67,500 30% 540,000 684 157,500 70% 360,000 40% 117,000 52% 135,000 15% $ 40,500 18% $ 225,000 25% 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 Reg 1c Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the nearest whola dollar min
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