Ese For the following questions, refer to spreadsheet titled "Section D illy owns a bicycle shop that sells one of a kind lightweight, folding bikes. The sh op pays $12,000 a month in rent and spends $3,000 for utilities. The materials to make the bike are $275 and labor is $75 per bike. Benny then sells each bike for $600. Using this information, fill in the Excel spreadsheet and answer the following questions (5pts) 1. 2. 3. 4. 5. What is the formula for break-even analysis? What is the total fixed cost? What is the total variable cost? How many bikes does Benny need to sell to breakeven? What will be the new breakeven if rent increases by $1,000 a month? BONUS QUESTION (You must answer all previous questions to qualify for bonus points) Amr's Taco Truck sells only two items: Tacos for $4.5 and Soda for $2.5. Tacos account for 75% of total revenue and sodas account for 25%. The fixed cost to operate the truck each day is $400. Below you will find the variable costs for each item (2 bonus points). Wages Ingredients Tacos $2.0 $1.5 Lemonade $0.25 $0.25 How many tacos and sodas does Amr need to sell to break-even? Show your work on the back of the answer sheet. a