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 Sales Total Company $450,000 Variable expenses 225,000 100% 50% Contribution margin 225,000 50% Chicago $ 150,000 45,000 30% 105,000 708 100% Minneapolis $ 300,000 100% 180,000 60% 120,000 40% Traceable fixed expenses 126,000 28 Office segment margin- Common fixed expenses not traceable to offices: Net operating income 99,000 22 63,000 149 $ 27,000 78,000 528 189 48,000 168 $ 72,000 249 $36,000 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 18 Req 1C Compute the companywide break-even point in dollar sales. Break-even point in dollar sales Show less A 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 Sales Variable expenses Contribution margin office segment margin: Traceable fixed expenses Total Company $ 450,000 100% 225,000 50% 225,000 50 126,000 28 Chicago Minneapolis $ 150,000 100% $ 300,000 45,000 30% 180,000 100% 60% 105,000 70% 120,000 40% 78,000 529 Common fixed expenses not traceable to offices Net operating income 99,000 63,000 221 148 $ 27,000 18 $ 72,000 48,000 16% 249 $ 36,000 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 18 Req 1C Show less A Compute the break-even point for the Chicago office and for the Minneapolis office. (Round your final answers to the nearest whole dollar amount.) Break-even Point Chicago office Minneapolis office < Prev 14 14 15 of 15 www Next >