Sirved Tim's Bicycle Shop sells 21-speed bicycles. For purpo categories, as follows: cost-volume profit analysis, the shop owner has divided sales into two Sales Product Type High-quality Medium-quality Sales Price $500 Invoice Cost $275 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $65,000. (In the following requirements, Ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type. 2. What is the shop's sales mix? 3. Compute the weighted-average unit contribution margin, assuming a constant sales mix 4. What is the shop's break-even sales volume in dollars? Assume a constant sales mix 5. How many bicycles of each type must be sold to earn a target net income of $48,750? Assume a constant sales mix Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required What is the whep break-even sales volume in dollars? Assume a constant salesmi Denet reund interme autonia Break-ever ses volume Required 3 Required