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Required information The following information applies to the questions displayed below.J Raner, Harris & Chan is a consulting firm that specializes in information systems for
Required information The following information applies to the questions displayed below.J 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 Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income $825,000 100.0% $165,000 1008 $660,000 1008 445,500 54.08 379,500 46.08 184,800 22.4% 49,500 115,500 85,800 308 396,000 608 40% 708 264,000 2% 99,000 156 158 194,700 23.6% $29,700 18% $165,000 25% 132,000 16.0% 7.68 $ 62,700 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 1B 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 dollar amount.) Break-even point in dollar sales K Req 1A Req 1B x Complete this question by entering your answers in the tabs below. Req 1A Req 1B 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 Req 1A Req 1C
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