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Required Information [The following information applies to the questions displayed below) Raner, Harris & Chan is a consulting firm that specializes in information systems for
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 Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total company $ 562,500 100.ex 303,750 54.0% 258, 750 46.ex 126,000 22.4% 132,750 23.6% 90, eee 16.0% $ 42,750 7.6% Office Chicago Minneapolis $ 112,500 100% $ 450, eee 100% 33,750 30% 270,000 6e 78,750 70% 188, een 40% 58,500 52% 67,500 15% $ 20, 250 18% $ 112,500 25% Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 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 dollar amount.) Break even point in dollar sales Complete this question by entering your answers in the tabs below. Req IA 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 answers to the nearest whole dollar amount.) Break-Even Point Chicago office Minneapolis office
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