SB Exercise 6-16 through Exercise 6-17 (Algo) [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 $ 468,000 100% $ 159,000 100% $ 309,000 100% Variable expenses 234,000 50% 47,700 185,400 Contribution margin 234.000 SOX 111,300 70% 123,600 Traceable fixed expenses 131,840 82,680 52% 49,440 16% office segment margin 102,960 28,620 $ 74,160 24% Common fixed expenses not traceable to offices 65,520 Net operating income 37,440 Box 60% 40x $ 18% 283 22% 143 8% Exercise 6-16 Part 1 (Algo) Working with a Segmented Income Statement; Break-Even Analysis (L06-4, LO6-5) 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? ences Show less A Reg 1A Reg 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 number.) Break even point in dollar sales Req 18 > Reg 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 answer to the nearest whole number.) Break even Point Chicago office Minneapolis office Reg 1A Reg 10 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? Oreater than Less than E qual to (Reg 18