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[The following information applies to the questions displayed below) Raner, Harris & Chan is a consulting firm that specializes in Information systems for medical and

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[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 $ 450,000 1000 225.000 500 225,000 500 126,000 288 99,000 225 63.000 148 $36,000 38 office Chicago Minneapoli $ 150,000 1008 $ 300,000 1008 45,000 103 180,000 605 105,000 700 120,000 400 78.000 52N 48.000 $ 27,000 180 3 72.000 246 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. Show less A Req 1A Req 1B Req 1c Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 dec Break-even point in dollar sales Req 1A Reg 1B Req 1C Compute the break-even point for the Chicago office and for the final answers to the nearest whole dollar amount.) Break-even Point Chicago office Minneapolis office Req 1A Reg 1B Req 10 Is the companywide break-even point greater than, less points? s Greater than OLess than Equal to

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