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 Sales Chicago Minneapolis $ 862,500 100.0% 1eex Variable expenses $ 172,500 100% $ 690,eee 465,750 54.es 51,750 3e5 414, eee 6ex Contribution margin Traceable fixed expenses 396,750 46.0% 120,750 zes 276,eee 4e 193,200 22.45 89,700 52% 103,5ee 15% Office segment margin 203,550 23.6% $ 31, ese $ 172,500 25% Common fixed expenses not traceable to offices 138, eee 16.0% Net operating income $ 65,550 7.6% 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. Req1A Reg 10 Regic Compute the companywide break-even point in dollar sales. (Round "CM ratlo" to 2 decimal places and final answers to the nearest whole dollar amount.) Break-even point in dollar salos Req 18 > 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 $ 862,50 1ee.es 465,750 54.ex 396,750 46.6% 193,200 22.4% 203,550 23.6% 138,800 16.5 $ 65,550 7.6% Office Chicago Minneapolis $ 172, see 1eet $ 690,00 100% 51,750 30% 414,000 60% 128,750 70% 276,000 40% 89,700 52% 103,500 15% $ 31,050 18% $ 172,5ee 25% Required: 1-0. Compute the companywide break-even point in dollar sales 1-5. 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 Reg 18 Reg 10 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 ottice Minneapolis office 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 $ 862, see 100.ex 465,75e 54.ex 396,75e 46.0% 193,200 22.4% 203,550 23.6% 138,000 16.0% $ 65,550 7.6% Office Chicago Minneapolis $ 172,see 100% $ 690, eee 1ee 51,750 sex 414,000 50% 120, 750 70% 276, eee 40% 89,700 521 103,500 15% $ 31,050 18% $ 172, see 25% 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. Reg 1A Reg 1B Reg 10 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
