Required information SB Exercise 6-16 through Exercise 6-17 (Algo) [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 Not operating income Total Company $ 458,000 1001 228,600 500 229,400 501 128, 720 281 100,680 22 64,120 140 $36,560 BU office Chicago Minneapolis $ 154,000 100% $ 304,000 1000 46,200 308 182,400 608 107,800 700 121,600 408 80,080 52 48,640 166 $ 27.720 188 $72,960 248 Exercise 6-16 Part 1 (Algo) Working with a Segmented Income Statement; Break-Even Analysis (L06-4, LO6-5] 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? Req 1A Req 1B Req 1C Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final nearest whole number.) Break-even point in dollar sales aces Reg 1A Reg 1B Reg 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 Exercise 6-16 Part 1 (Algo) Working with a Segmented Income Statement; Break-Even Analys LO6-5] 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 bre points? Complete this question by entering your answers in the tabs below. Show less Req 1A Reg 1B Req 1C Is the companywide break-even point greater than, less than or equal to the sum of the Chicago and Minneapolis break-even points? O Greater than Less than Equal to