WK 2. Chap 6 Assignment i Seved Help Save & Exit Submit Check my work 6 0 2.5 points 01:26:22 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 Chicago Minneapolis Sales $ 450,000 100% $ 150,000 $ 300,000 1001 Variable expenses 225.000 50% 45,000 30% 180.000 60% Contribution margin 225.000 SOS 105,000 70% 120,000 40% Traceable fixed expenses 126.000 285 78.000 48.000 165 office secent margin 99.000 27, 19 72.000 2441 Common fixed expenses not traceable to offices 10 Net operating income 3 36,000 1001 eBook 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. Show less Reg 1A Reg 1B Reg 1 Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places.) Break-even point in dollar salos 6 Check my work Sales Variable expenses Contribution martin Traceable fixed expenses office segment martin Common fixed expenses not traceable to offices Net operating income $ 450,000 225,000 225.000 126,000 99,000 63,000 $ 36,000 100% 50% 50% 285 224 145 84 $ 150,000 45,000 105,000 78,000 27,000 100% 30% 704 523 18% $ 300,000 150,000 120.000 48.000 $ 72,000 100% 60% 40% 164 245 2.5 points $ 8 01:26:03 eBook 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? Print Complete this question by entering your answers in the tabs below. References Show less Req 1A Req 18 Reg 1 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