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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

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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 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 Minneapo 115 Sales $ 474,000 1001 $ 162,000 1089 $ 312,000 100 Variable expenses 237,900 50 48,600 304 187,200 68 Contribution margin 237,900 50% 113,400 124,800 400 Traceable fixed expenses 132, 720 284 84,240 524 49,92 165 Office segment margin 184,280 224 $ 29, 160 184 $ 74,80 24 Conmon fixed expenses not traceable to offices 66, 360 Net operating income $ 37,920 84 59 795 144 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? ances Complete this question by entering your answers in the tabs below. Show less ROG IA Reg 16 Req 1C 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 Ret 18 > Complete this question by entering your answers in the tabs below. Show less Reg 1A Reg 13 Req 1C Compute the break-even point for the Chiengo office and for the Minneapolis office (Round "CM ratio" to 2 decimal places and nnal answer to the nearest whole number.) Break-even Point Chicago office Minneapolis off on Req 1A Reg 16 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 Lous than Equal to

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