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 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income $ 513,000 100% 256,500 50% 256,500 50% 143,640 28% 112,860 22% 71,820 14% $ 171,000 100% 51,300 30% 119,700 70% 88,920 52% Minneapolis $ 342,000 100% 205,200 60% 136,800 40% 54,720 16% $ 30,780 18% $ 82,080 24% $ 41,040 8% 3. Assume that sales in Chicago increase by $57,000 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 1 decimal place (i.e. 0.1234 should be entered as 12.3 and other answers to the nearest whole dollar.)) Segments Total Company Chicago Minneapolis Amount % Amount % Amount % 0 0.0 0 0.0 0 0.0 0 0.0 $ 0 0.0 $ 0 0.0 0 0.0 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 Contribution margin Variable expenses Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Office Total Company $ 513,000 $ 41,040 100% 256,500 50% 256,500 50% 143,640 28% 112,860 22% 71,820 14% 8% Chicago $ 171,000 100% 51,300 30% 119,700 70% 88,920 52% Minneapolis $ 342,000 100% 205,200 60% 136,800 40% 54,720 16% $ 30,780 18% $ 82,080 24% 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $85,500 per year? Assume no change in cost behavior patterns. Net operating income increase 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 Office Total Company $ 513,000 100% 256,500 50% 256,500 50% 143,640 288 112,860 22% 71,820 14% $ 41,040 8% Chicago $ 171,000 100% 51,300 30% Minneapolis $ 342,000 100% 205,200 60% 119,700 70% 88,920 52% 136,800 40% 54,720 16% $ 30,780 18% $ 82,080 24% 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 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 ! 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 Sales $ 513,000 Variable expenses 100% 256,500 50% Contribution margin Office segment margin 256,500 50% Traceable fixed expenses 143,640 28% Chicago $ 171,000 100% 51,300 30% 119,700 70% 88,920 52% Minneapolis $ 342,000 100% 205,200 60% 136,800 40% 54,720 16% Common fixed expenses not traceable to offices Net operating income 112,860 22% 71,820 14% $ 30,780 18% $ 82,080 24% $ 41,040 8% 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 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: Office Total Company Chicago Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income. $ 513,000 100% 256,500 50% 256,500 50% 143,640 28% 112,860 22% 71,820 14% $ 171,000 100% 51,300 30% Minneapolis $ 342,000 100% 205,200 60% 119,700 70% 88,920 52% 136,800 40% 54,720 16% $ 30,780 18 % $ 82,080 24% $ 41,040 8% 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 "CM ratio" to 2 decimal places and final answer to the nearest whole number.) Break-even point in dollar sales