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Exam V Chapter / 1 Help Save & Frit Submit 5 Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Salon Invoice Sales Product Type Price Cost Commission High-quality $1, 109 $60 Medium- 2 02:51:57 650 320 quality 40 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $150,650. (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 $98,2507 Assume a constant sales mix. Complete this question by entering your answers in the tabs below.get flet income of Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the unit contribution margin for each product type. Bicycle Type Unit Contribution Margin High-quality Medium-quality Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What is the shop's sales mix? Bicycle Type Sales Mix High-quality % Medium-quality Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $150,650. (In the 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 $98,250? Assume a constant sales m Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the weighted-average unit contribution margin, assuming a constant sales mix. (Round your answer to 1 decimal place.) Weighted-average unit contribution margin Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What is the shop's break-even sales volume in dollars? Assume a constant sales mix. Break-even sales volume :50:41 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How many bicycles of each type must be sold to earn a target net income of $98,2507 Assume a constant sales mix. Bicycle Type Number of Bicycles High-quality Medium-quality
