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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 systems
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 Variable expenses $ 535,500 267,750 Contribution margin 267,750 100.00% 50.00% 50.00% $ 178,500 Traceable fixed expenses 149,940 Office segment margin 117,810 28.00% 22.00% 53,550 124,950 92,820 $ 32,130 100.00% 30.00% 70.00% 52.00% $ 357,000 214,200 100.00% 60.00% 142,800 57,120 40.00% 16.00% 18.00% $ 85,680 24.00% Common fixed expenses not traceable to offices 74,970 Net operating income $ 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 A 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 > 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 A Compute the break-even point for the Chicago office and for the Minneapolis office. (Round your final answer to the nearest whole number.) Break-even Point Chicago office Minneapolis office < Req 1A Req 1C > 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 18 Req 1C Show less A 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 < Req 1B Req 1C
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