SavedRequired 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 hastwo offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variablecosts. A contribution format segmented income statement for the company's most recent year is given:OfficeSalesVariable expensesContribution marginTraceable fixed expensesTotal Company$ 513,000256,500256, 500143,640Chicago$ 171,00051,300119,70088,920$ 30,780Minneapolis$ 342,000100.00%50.00%50.00%28.00%100.00%30.00%70.00%52.00%100.00%205, 200136,80054,720$ 82,08060.00%40.00%16.00%Office segment margin112,86022.00%18.00%24.00%Common fixed expenses not traceable tooffices71,82014.00%Net operating income$ 41,0408.00%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-evenpoints?Complete this question by entering your answers in the tabs below.Show less aAReg 1AReg 18Reg 10Compute the companywide break-even point in dollar sales. (Round "CM ratio" to 2 decimal places and final answer to thenearest whole number.)Break-even point in dollar salesPrev123 of 3Next >wwPrPsAihere to searchKEUSlogiSTAR

The Break-even point is the point where the cost and revenue of the production process are equal for…

Answered: Required: 1-a. Compute the companywide…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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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?