Rocket Company produces two products: Alpha and Beta. The following table provides information about the two products and budgeted sales for the upcoming year. Rocket Company keeps no finished inventory so production equals sales. Alpha Beta Total 160,000 130,000 290,000 140,000 110,000 250,000 $25.00 $40.00 $15.00 $25.00 $2,000,000 3,000,000 9 14 Maximum Unit Sales Planned Unit Sales Price per Unit Variable Cost per Unit Antx tkinson Fixed Costs Machine Capacity (minutes) Machine per Unit Lan 023) Hint: As you work on this exercise remember to consider and let your analysis reflect the machine hours constraint and the maximum for each product. 1. What is the budgeted income for this planned level of production and sales? (0.5 marks) Required the Atkinso an23) 2. If Rocket Company wants to maintain the product mix in the budget, how many units of each product must it sell to breakeven? Does the company have enough machine minutes capacity for the breakeven production plan? (1 mark) 3. If Rocket Company wants to maintain the product mix in the budget, how many units of each product must it sell to earn projected before tax income of $1,500,000? Does the company have enough machine minutes capacity for this production Ton plan? (1 mark) 4. If Rocket Company wants to maintain the product mix in the budget, and given the machine minutes constraint and the sales constraints for Alpha and Beta, what is the maximum number of units of each product that the company should sell, and what would be the expected total income? (1.5 marks) 5. If Rocket Company is prepared to abandon its requirement that the sales mix remain the same as in the current plan, how many units of each product should it sell to maximize income, and what would be the expected total income? (1.5 marks)