Required information [The following information applies to the questions displayed below.) Raner, Harris & 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 $ 504,000 100.00 $ 168,000 100.00 $ 336,000 100.00 Variable expenses 252,080 50.089 50,400 30.004 201,600 60.885 Contribution margin 252,000 50.00% 117,600 70.00 134,400 40.00 Traceable fixed expenses 141,120 28.009 87,360 52.00 53,760 16.004 office segment margin 110,880 22.00% $ 30,240 18.00 $ 80,640 24.084 Common fixed expenses not traceable to offices 70,560 14.00% Net operating income $ 40,320 8.00% Required: 1-0. 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? 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. Show less Reg 1A Reg 1B Reg 10 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 HT Req 18 > 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? 4 Complete this question by entering your answers in the tabs below. Show less Req 1A Req 18 Req 1C 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: 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. Show less A Reg 1A Reg 1B Req 1C 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
