budget data for 20X5 are The Taco Trip Company specializes in preparing Mexican dinners that it freezes and ships to restaurants in the Denver area. When a diner orders an item, the restaurant heats and serves it. The (Click the icon to view the budget data.) The company prepares the items in the same kitchens, delivers them in the same trucks, and so forth. Therefore, decisions about the individual products do not affect the fixed costs of $690,000. Read the requirements. Requirement 1. Compute the planned net income (loss) for 20X5. (Use a minus sign or parentheses for a loss.) Chicken Tacos Beef Enchiladas Units sold 300,000 120,000 Total 420,000 Revenues at $4 and 56 per unit $ 1,200,000 $ 720,000 $1,920,000 Variable costs at $2 and $3 per unit 600,000 360,000 900,000 Contribution margin $ 600,000 $ 360,000 960,000 Fixed costs 690,000 Net income (loss) $ 270,000 Requirement 2. Compute the break-even point in units, assuming that the company maintains its planned sales mix Begin by determining the sales mix. For every 2 beef enchilada(s) sold, chicken tacos are sold Determine the formula used to calculate the break-even point when there is more than one product sold. Then, enter the amounts in the formula to calculate the breakeven point Fixed costs 690,000 Contribution margin per bundle Break-even point in bundles Data table Product Chicken Tacos Beef Enchiladas Selling price to restaurants 4 $ 2 Variable expenses 2 $ Contribution margin Number of units 300,000 3 3 120,000 Print Done - ounts ld es a Requirements 1. Compute the planned net income for 20X5. cos ution osts 2. Compute the break-even point in units, assuming that the company maintains its planned sales mix. 3. Compute the break-even point in units if the company a) sells only tacos, or b) sells only enchiladas. 4. Suppose the company sells 315,000 units of tacos and 105,000 units of enchiladas, for a total of 420,000 units. Compute the net income. Compute the new break-even point with this new sales mix. What is the major lesson of this problem? Come emer by det mine th Print Done - X mula to c