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: Sales Variable expenses Contribution sargin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Total Company 5.637,500 100.ex 344,250 54.8% 293,250 46.2% 142,800 22.4% 158,450 182.ee 16.0 $ 48,450 7.6% Office Chicago Minneapolis $ 127,500 189% $ 510,eee 180x 38,250 386,000 60% 89,250 78% 284,80 40% 66, 3ee 52% 76,500 15% $ 22,950 18% $ 127,5ee 25% 23.6% 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 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 HOGA Reg 1B > Required Information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (LO7-4, 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: 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.ex 344,250 54.ex 293,250 46.8% 142,800 22.4 150,450 23.6% 102,000 16.00 48,450 7.6% Office Chicago Minneapolis $ 127,500 100% $ 510,eee 100% 38,250 30% 306, eee 601 89,250 70% 204,000 dex 66,300 52% 76,500 15% $ 22,950 18% $ 127,500 25% 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. Req 1A Reg 18 Reg IC 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 3. 1 of 2 Required Information Exercise 7-16 Working with a Segmented Income Statement; Break-Even Analysis (L07-4, L07-5) [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 Book Sales Variable expenses Contribution margin Traceable fixed expenses Office segment margin Common fixed expenses not traceable to offices Net operating income Fles Office Chicago Minneapolis $ 127, see 100% $ Sie, eee 100% 38,250 305 3e5, eee sex 89,250 204, 48x 66,300 52% 76,5ee 15% $ 22.95e $ 127,500 25% Total Company 5 637,500 10e. 344,250 54.0% 293, 25e 142,880 22.45 150,45e 23.6% 182.ee 16.0% $ 48,450 Print 0 ferences 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 companywide break even point greater than, less than or equal to the sum of the Chicago and Minnepolis break-even points Greater than Less than Equal to