Required information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (L07-4, LO7-5) [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 $637,500 100.0% Variable expenses $ 127,500 100% $ 510,000 100% 344250 54.0% 30.250 303 306.000 Contribution margin 293,250 46.0 89,250 70% Traceable fixed expenses 204,000 40 1:42,800 22.4% 66/300 52 26,500 office segment margin 150,450 23.6% 22,950 18% $ 127,500 25% Connon fixed expenses not traceable to offices 102,000 16.08 Net operating income 48,450 15 5 Exercise 7-16 Part 1 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. Exercise 7-16 Part 1 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- 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 answer to the nearest whole dollar amount.) Break-even point in dollar sales Req 18 > Exercise 7-16 Part 1 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.eu points? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B 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 answers to the nearest whole dollar amount.) Break-Even Point Chicago office Minneapolis office Exercise 7-16 Part 1 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. Reg 1A Reg 1B Reg 10 is the company wide 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