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Required information [The following information applies to the questions displayed beiow.] Raner, Harris and Chan is a consulting firm that specializes in information systems for

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Required information [The following information applies to the questions displayed beiow.] 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: Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to the Tearest whole number. ) 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 breakpoints? Complete this question by entering your answers in the tabs below. Show less A 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.) 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $86,250 per year? Assume no change in cost behavior patterns. 3. Assume that sales in Chicago increase by $57,500 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented income statement for the company. (Round your intermediate calculations and percentage answers to I decimal place (i.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.))

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