Exercise 20.14 (Static) CVP with Multiple Products (LO20-7, LO20-8) Water World sells three products: ski vests, slalom skis, and ski ropes. Information related to each product line is provided as follows. Ski Vests Slalom Ski Skis Ropes Unit selling price $120 $300 $50 Unit variable cost 60 210 10 Sales mix percentage 20% 70% 10% The company's annual fixed costs are approximately $741,000. a. Compute total annual sales that the company must generate to break even. (Hint: Determine the contribution margin ratio for each product.) b. Compute total annual sales that the company must generate to earn operating income of $234,000. a. Break even annual sales dollars b. Target sales dollars