Required information The following information applies to the questions displayed below.) Part 1 of 3 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: 10 points eBook Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 637,500 100.08 344,250 54.0% 293,250 46.0% 142,800 22.4% 150,450 23.68 102,000 16.08 $ 48,450 7.6% office Chicago Minneapolis $ 127,500 1008 $ 510,000 100% 38,250 30% 306,000 60% 89,250 70% 204,000 40% 66,300 52% 76,500 15% $ 22,950 18% $ 127,500 258 Print References 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 Reg 1B Req 1C Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answers to the nearest whole dollar amount.) Break-even point in dollar sales Required information The following information applies to the questions displayed below.) Part 2 of 3 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: points eBook Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 637,500 100.08 344,250 54.08 293, 250 46.08 142,800 22.4% 150.450 23.6% 102,000 16.0% $ 48,450 7.6% Office Chicago Minneapolis $ 127,500 100% $ 510,000 100% 3 8,250 308 306,000 60% 89,250 70% 204,000 40% 66,300 52% 76,500 159 $ 22,950 188 $ 127,500 25% Print References 2. By how much would the company's net operating income increase if Minneapolis increased its sales by $63,750 per year? Assume no change in cost behavior patterns. Net operating income increase Required information The following information applies to the questions displayed below.) Part 3 of 3 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: points eBook Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating income Total Company $ 637,500 100.08 344,250 54.0% 293, 250 46.08 142,800 22.48 150,450 23.6% 102,000 16.08 $ 48,450 7.68 office Chicago Minneapolis $ 127,500 100% $ 510,000 100% 38,250 30% 306,000 60% 89,250 70% 204,000 40% 66,300 52% 76,500 15% $ 22,950 188 $ 127,500 258 Print References 3. Assume that sales in Chicago increase by $42,500 next year and that sales in Minneapolis remain unchanged. Assume no change in fixed costs. a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Segments Total Company Amount % Chicago Amount Minneapolis Amount % %