T Bicycles Ltd. sells bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type High-quality Medium-quality Sales Price Invoice Cost Sales Commission $1,750 870 $790 570 $90 30 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $277,200. (In the following requirements, ignore income taxes.) Required: You must submit your calculations to receive full marks on this question. 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 $126,000? 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 5 What is the shop's sales mix? Bicycle Type Sales Mix High-quality % Medium-quality %