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1 Required information [The following information applies to the questions displayed below] Raner, Harris and 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 $ 159,000 $ 318,000 100.00% Variable expenses Contribution margin $ 477,000 238,500 238,500 100.00% 50.00% 100.00% 30.00% 190,800 60.00% 47,700 111,300 50.00% 70.00% 127,200 40.00 Traceable fixed expenses 133,560 28.00% 82,680 52.004 50,880 16.00 office segment margin 104,940 22.00% $ 28,628 18.00% $ 76,320 24.00% Common fixed expenses not traceable. to offices 66,780 14.00% 8.00% Net operating income $ 38,160 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
Complete this question by entering your answers in the tabs below. Show less & Req 1A Req 18 Req IC 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 Reg 18 >
Complete this question by entering your answers in the tabs below. Show less A Reg 1A Req 1 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 answer to the nearest whole number) Break-even Point Chicago office Minneapolis office <Reg A Reg 10 >
Complete this question by entering your answers in the tabs below. Show less A Req 1A Req 18 Red IC Is the companywide break-even point greater than, less than, or equal to the sum of the Chicago and Minneapolis break-even points? Greater than Less than Equal to <Roq 10