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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: Sales Variable expenses Contribution margin Traceable fixed expenses office segnent margin Common fixed expenses not traceable to offices Net operating income office Total Company $504,000 Chicago Minneapolis 252,000 100.00% 50.00% $ 168,000 50,400 100.00% $336,000 100.00% 30.00% 201,600 60.00% 252,000 50.00% 141.120 110,880 28.00% 22.00% 117,600 87,360 70.00% 134,400 40.00% $ 30,240 52.00% 18.00% 53.760 16.00% $ 80,640 24.00% 70,560 $ 40,320 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 18 Req 1C Show less A 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 Reg A Req 18 >
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